WASHINGTON, D.C. – April 29, 2015 – (RealEstateRama) — A host of major forces — global, national, and local — are operating as change agents to affect commercial real estate in the United States and Canada. Peter C. Burley, CRE, FRICS, of Realtor University, spearheaded the research collected from members of CCIM, the Canadian Real Estate Association, National Association of Realtors, and Institute of Real Estate Management to develop the new report “Cross Border Demand & Investment /Shifting Office Space Demand.” CCIM members can download a free copy of the report (PDF).
“We wanted to survey a full spectrum of professionals for their perspective on the front lines,” Burley said. “CCIMs are among the most qualified professionals to report what they are finding in their local, state, and regional commercial real estate markets. It is especially important for CCIMs to recognize that increasing numbers of overseas capital investors are looking for opportunities in North America because the markets are stable, and the return on investment is typically high.”
In addition to downloading this relevant report for free [Link to the Cross Border Demand & Investment on the CCIM Website], CCIM members can participate to a two-hour CCIM Ward Center for Real Estate Studies webinar called “Cross Border Demand & Investment” based on the content in this report to be held on May 27 from 2 to 4 p.m. CDT. Visit here for more details about CCIM Ward Center course and for registration.
“This report is a great starting point to see how things are changing in commercial real estate moving forward,” Burley added. “Real estate has become a global enterprise. Additionally, the markets are responding to dramatic changes in technology and demographics.”
This in-depth research views how the intersection of complex global economy, local economic conditions, 3D manufacturing, and demographics are creating profound effects on the real estate market in the U.S. and Canada. The reasons for change include new office spaces, new retail models, new distribution methods, and changing demographics and lifestyles. As a result, no segment of the real property industry is likely to remain unchanged.