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This monthly newsletter features news and information on the Commercial Chapter, including courses and events. It also features state and national REALTOR association news items and select news impacting the local commercial real estate market.

Don't Worry - Commercial Classes Are Still Available for Your PA Real Estate License Renewal

While the Pennsylvania real estate renewal deadline of May 31st is fast approaching, the Association of Realtors School still has availability in many of its courses. Within the schedule are five commercial specific topics that are current scheduled. Click here for a complete schedule of Commercial classes which includes the following topics:

A New Landscape: 1031 Exchanges and Tax Reform
Fundamentals of Commercial Real Estate
Investing in Real Estate
Land Use and Zoning Law Basics
Understanding Commercial Title Insurance and Avoiding Mistakes

IMPORTANT NOTE: For the 2018-2020 PA real estate license renewal, all licensees must complete 3.5 hours in the combined topic of property management and advertising regulations within the required 14 hours. None of the classes listed above provide that requirement; however, we are offering the required 3.5 hour topic in the class named PA Required Education for Real Estate Licensees 2018-2020. Click here to access a schedule of classes that provides this required credit.

Online commercial classes and package are also available. Click here to access the schedule and to register.

Commercial Chapter's C/I Exchange to Feature Environmental Assessment Topic at March Meeting

The Commercial/Investment Exchange will next meet on March 13th from 8:30 a.m. to 9:45 a.m. at the Suburban West office in Malvern. The topic for the program is Subsurface Environmental Assessment Related to Commercial Property Transactions/Development. The presentation will be made by Michael Young, senior environmental scientist for Westchester Environmental. The program will help raise awareness and understanding of unseen environmental concerns related to commercial real estate and multi-disciplinary team needed to assess these concerns.

Immediately following the presentation will be the opportunity for attendees to share their "haves" and "wants" with the other attendees. These flyers are then package and emailed to the Commercial Chapter's email list following the event.

No advance registration is necessary for this FREE event.

Chester County CII Council's Annual Meeting and Awards Luncheon is March 5th

The Chester County CII Council will host its Annual Meeting and Awards Luncheon next week at the Waynesborough Country Club in Paoli (March 5th; 11:00 a.m. - 1:30 p.m.). This year's event will feature a guest presentation by economist Dr. Peter Linneman on the current state of the economy, where it's headed and its impact on commercial real estate. The event also features the organization's commercial real estate production awards, a vendor expo and lunch.

Click here for more information and to register.

Interested in other CII Council events and more? Check out the Joint Commercial Organization Calendar by clicking here.

Suburban West to Host CCIM Classes in March and May

Suburban West is excited to host two upcoming CCIM classes at its Malvern classroom. Click on the links of the class names below for more information and how to register. NOTE: Suburban is only hosting the two courses and they do not qualify for the MCE Season Pass.

Foundations of Commercial Real Estate (March 19th and 20th; 8:00 a.m. - 5:00 p.m. each day) - This two-day, case study-driven course provides agents, brokers, students and allied professionals with an understanding of the skills, resources and business practices that pave the way for success in commercial real estate. Learn how to analyze leases and investment value while developing a plan to kick-start your career.

Site To Do Business (May 1st; 9:00 a.m. - 3:00 p.m.) - Site To Do Business is commercial real estate's advanced digital toolkit, providing essential data and tools to support financial, market, spatial, and competitive analysis. This training session covers the basics of STDB, including mapping and running reports in Business Analyst, creating business lists in DatabaseUSA, flood mapping and Pictometry.

Interested in other CCIM classes/events and more? Check out the Joint Commercial Organization Calendar by clicking here.

NAR Releases February 2020 Commercial Trends and Outlook Report

The latest Commercial Real Estate Trends & Outlook Report discusses trends in the small commercial market (transactions that are typically less than $2.5 million) based on a survey of commercial Realtors about their 2019 Q4 transactions and the latest publicly available data. Highlights of the latest report include:

Respondents reported commercial dollar sales volume rose 4% in 2019 Q4 from one year ago, new leasing dollar volume rose 3%, and commercial development (in square feet) rose 5%.
Among respondents, the median commercial sales price growth in 2019 Q4 from one year ago was 3%. Apartment, industrial warehouse and flex, and office class A properties had the lowest cap rates, with a media of 6.5%.
Among respondents, the median cap rate for retail mall properties was also 6.5%. The retail trade industry appears to be adapting to the challenge coming from robust e-commerce sales. In November 2019, the retail trade industry gained 15,300 net new jobs from one year ago, in contrast to the job losses in the past months.

Click here to access the full report.

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