1. Commercial Real Estate and Impact in the Local Market Jean Maday National Association of REALTORS® Director, Commercial Development & Services

2. It’s A Global Real Estate Market… made up of Commercial & Residential Property

3. What Is Commercial Real Estate Retail Office Industrial Land Farm & Ranch Hospitality/Hotel Medical Multifamily

4. Navigating

5. Chicken or the Egg? Commercial Real Estate development and transactions are a driver of residential markets

6. Demographic Shifts Baby Boomers Downsized homes Senior communities Millenials Postpone buying Location/amenities Urban walkable communities Medical facilities, Retail, Office, Entertainment Centers Source: Counselors of Real Estate

7. Urbanization desire to reside in “live-work-play” and “walkable”. Shopping malls adapting - luxury or discount offerings. Surburban homes that are in plentiful supply from a past generation of suburbanites. rise in corporate relocations to cities from the suburbs as a strategy to attract younger, urban professionals.

8. For Richer or Poorer – A gap? new opportunities to serve diverse markets with discounted retail offerings and luxury retailers. high-density multi-family and affordable housing, and “placemaking”-- which can transform a vacant lot or an undesirable neighborhood into an appealing urban “destination” to serve diverse populations. Gap has impacted purchasing power, diminishing housing choices and home ownership -- and contributing to the delay in new household formation among Millennials and certain immigrant groups. The shift from home ownership to renting, and a decline in local small business ownership, contributes to fewer jobs and a lack of investment in communities

9. Retail Is Changing yesterday’s best location may be today’s or tomorrow’s worst as urbanization draws more households into cities. a role for physical presence, where shoppers can browse and try products. Retailers that incorporate e-commerce elements, including fast delivery options, are well positioned, at least in the short term. Store sizes are shrinking, attractive amenities of such “urban” shopping districts are now being incorporated into suburban shopping areas.

10. Commercial Resources Research Quarterly Market Report Expectations In Market Realities State By State Business Reports Legislative & Regulatory Advocacy LinkedIn FGCAR/GTAR REALTORS® Conference & Expo

11. More Resources Local Economic Development Agencies Local Chamber of Commerce JLL Global Research International Council of Shopping Centers IREM, Counselors of Real Estate, SIOR, RLI, CCIM CommercialSearch.com

12. for being a NAR Member. jmaday@realtors.org