12C — July 27 - August 9, 2018 — Brokerage Directory — M id A tlantic
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The addition of +230,000 new jobs within health care & business services creates rapid CRE growth The Society Of Industrial & Office Realtors CRE Index rises to highest level since 2005
f i ce Rea l - tors (SIOR) recently pub- l i s h e d t h e First Quarter 2018 SIOR Commercial Real Estate Index, com- piling results W
in business investments, con- sumer spending, exports, and government spending, results of the CRE Index detailedmany positive findings. “The gains in every aspect are a great sign of what is to come this year,” said Del Mark- ward, SIOR Global president. “With many SIORs feeling confident about their markets moving forward, and having the highest index in over 12 years, everyone is eager to see where we’ll be next quarter—and we are enthusiastic about the de- livery for our clients.” With a value of 100 on the
index indicating a balanced market, the national index closed the first quarter of 2018 at an all-time high of 134, cre- ating a positive expectation for the remainder of 2018. SIOR members experienced gain in fundamentals such as leasing activity, rent stabilization, new construction of office and industrial spaces, and devel- opment conditions shifting in favor of sellers. The addition of more than 230,000 new jobs in health care and business services posed the market for an upswing. While struggling through
international tariffs and a new tax framework, according to the SIOR CRE Index, commercial markets are posed for positive results throughout 2018. The majority of SIOR members expect conditions to improve, with 64 percent of respondents indicating growth. Along with the national economy rising, favorably impacting the mar- kets, only one percent of SIOR members experienced loses upon their markets from na- tional economic conditions, and three percent felt that their local economy was decreasing. For more than 75 years, the
SIOR designation has signified the highest standard among industrial and office profession- als. Established in 1941, SIOR now extends to 48 chapters worldwide, consisting of nearly 3,200 members in more than 685 cities in 36 countries. The index, which was de- veloped by Hugh F. Kelly, CRE , clinical professor at New York University, showcases the findings of a survey based on 10 variables, from leasing activity to the impact of the national economy, vital to the performance of U.S. industrial and office markets. To see more findings of the SIOR CRE Index, visit SIOR website. NAI Global names Scott Mertz over- all top producer MT. LAUREL, NJ — NAI Global , one of the leading global commercial real estate network of more than 7,000 commercial real estate profes- sionals. Mertz is the president of NAI Mertz , an NAI Global member firm serving south- ern New Jersey and greater Philadelphia. The award hon- ors individuals who handle the highest volume of multi- market business within NAI. The awards will be presented at the 2018 NAI Global Con- vention in Austin, TX, this September. “This award represents out- standing performance within the organization,” said Jay Ol- shonsky, President, NAI Glob- al. “We are proud of Scott’s success, and the dedication and commitment to service excellence he has shown. It underscores the power of NAI Global in building business, and showcases the deep local roots and professionalism of our professionals.” This is the fourth consecu- tive year that Scott has been recognized as an NAI Global Top Producer. He was also recognized as the top overall producer in both 2014 and 2016, and earned second place in 2015. Scott Mertz b r o k e r a g e f i rms , an - nounced that ScottMertz, SIOR , was recently rec- ogni zed as the top pro- d u c e r f o r t he g l o ba l
ASHINGTON, DC — The Society of Industrial and Of-
Del Markward
of the U.S.-based member-wide survey. Boasting upon broad economic activity, the index rose to its highest value since its creation in 2005. With gains
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