NICAR NEWS

Market Update November 23, 2020

This week I attended some of the virtual online sessions at NAR's annual conference. Most interesting was economist Lawrence Yun, who forecast a 9% growth in residential transactions for 2021. This will certainly have an impact on commercial real estate as the housing...

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Market Update November 16, 2020

I heard a phenomenal line of questioning from a business broker this morning on a virtual networking call: What have you learned this year that you can package and sell? Are there services and insight that you provide that can be assembled as a specific product...

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Market Update November 9, 2020

If you didn't attend this week's West region broker breakfast, you missed a great one! Kim Miller from Loberg Construction explained the increased construction costs that the market is experiencing - most of which are tied to labor and materials shortages. This is an...

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Market Update November 2, 2020

If you have restaurants that you work with who are considering who are inclined to remain open in defiance of the Governor’s order, they can consider sending this letter: https://theserviceindustry.us/pritzker-letter/Closings remain steady as investors seem to wait on...

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Market Update October 25, 2020

I am seeing a steady increase of properties being marketed on LinkedIn - this is a great forum and if you are not using it, you should! We are experiencing some good traction with residential (apartment) marketing through Facebook advertising and are running some...

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Market Update October 16, 2020

Be aware that the challenges facing the urban core have an extended timeline as more and more corporations have announced that the earliest their employees are coming back into the office is summer of 2021, pushing back the initial goal of January 2021I talked to a...

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Market Update October 12, 2020

1) This week's Chicago broker breakfast led to two queries on 7.9 acres in Palatine that has been on the market for 8 years with limited/no activity. Potential interest is multi-family. There are developers suddenly sniffing around.2) My single office tenant in Geneva...

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