Increasing Collaboration Between Commercial Real Estate Brokers, Economic Developers
With high demand for existing buildings and low inventory throughout the United States, the relationship between commercial real estate brokers and economic developers has never been so critical.
To better connect brokers and economic developers, the Northeast Indiana Regional Partnership and the Indiana Economic Development Corporation (IEDC) are hosting a free Trends in Real Estate Luncheon from noon to 1:30 p.m. on Wednesday, July 25, at the Regional Partnership offices, 200 E. Main St., Suite 910, Fort Wayne.
The luncheon will include a keynote presentation by the IEDC’s Site Search Manager Sarah Salisbury, and will focus on the types of properties that are in high demand for Northeast Indiana. Area commercial real estate brokers and economic developers are invited to this free event.
One thing remains true, whether attending the Indiana Commercial Real Estate Conference in Indianapolis or the Society of Industrial and Office Realtors (SIOR) Spring World Conference in Austin, commercial real estate brokers and economic developers can collaborate more.
While attending the Indiana Commercial Real Estate Conference with nearly 400 Hoosiers, the Regional Partnership’s Director of Business Development Sarah Rodriguez networked with local and state commercial real estate brokers. The event was hosted by the Indiana Commercial Board of Realtors in Indianapolis, and conference discussion topics included economic development trends, site certifications, market trends, economic drivers, ethics training and real estate transactions in an uncertain tax environment. Speakers at the event discussed the increasing prices for spec buildings, the high demand for existing inventory and the importance of economic developers with commercial real estate transactions.
Very similar topics also were discussed at the 2018 Society of Industrial and Office Realtors Spring World Conference in Austin, Texas. However, a much larger topic loomed over the world conference: connectivity. “You don’t change your geography, you change your connectivity,” said speaker and international relations expert Parag Khanna. He used examples of how Dubai went from a small city at the edge of the desert in the early 1960s to more than 3 million residents with over 8 million annual visitors today. The thoughts of connectivity were echoed throughout the conference with sessions on smart buildings and artificial intelligence.
To RSVP for the free Trends in Real Estate Luncheon, please visit the website.