Commercial Investment Real Estate September/October 2013 - Page 6

COMMERCIAL
INVESTMENT
IN THIS
ISSUE
A look at of ce leasing on p.26 con-
firms what many commercial real
estate professionals already suspected: Your view of the recovery
depends on where you do business. Many factors are playing into
the of ce recovery, from geography to of ce space use. Fortunately,
a weak leasing market hasn’t dampened the enthusiasm of inter-
national investors, who are
moving beyond trophy sites in
“Like Goldilocks, many
major markets to opportunities
offi ce tenants are look-
in smaller cities, reports Asso-
ing for a space that’s
ciate Editor Rich Rosfelder on
p.22. And on p.34, Senior Edi-
not too big and not too
tor Jennifer Norbut questions
small, but just right.”
several retail-oriented CCIMs
p.26
on the ef ect of e-tail trends in
local markets.
¬
FEATURED WRITERS
Doremus
Calanog
Brad Doremus, senior analyst, and Victor Calanog,
head of research and economics for Reis, report on
the 2Q13 of ce market on p.29. T eir cautious year-
end outlook ref ects on global concerns and f scal
policy. Bryan Blasingame, senior vice president
and chief investment of cer for Industrial Devel-
opments International, explains
the industrial market’s recent
evolution and its upbeat future
on p.30. Eric B. Garf eld, CCIM,
MAI, director of the tangible asset
valuation practice at WTAS LLC, Blasingame
updates his 2009 look at cap rate
calculations on p.38.
podcast
Only @
www.ccim.com/podcasts
In October, Reis senior economist Ryan Severino will provide an analysis
of 3Q13 fundamentals and market highlights. Stay tuned!
Commercial Investment
Real Estate, the member
publication of the CCIM
Institute, reports on market
trends and analysis, current
developments in the fi eld, and
successful business strategies.
CIRE Staff
Executive Vice President/CEO
The CCIM Institute, an
affi liate of the National
Association of Realtors, confers
the Certifi ed Commercial
Investment Member
designation to commercial real
estate professionals who have
extensive training and industry
experience and complete a
rigorous study program.
Henry F. White Jr.
Executive Editor
Sara Drummond
[e-mail]
Senior Editor
Jennifer Norbut
[e-mail]
Associate Editor
Rich Rosfelder
[e-mail]
Contributing Editors
Bridget Grams, Dennis
LaMantia, Mark Lee Levine,
CCIM, JD, LLM (tax),
Stephen Rangel, Jeff Rauth,
and Mark Richardson
Design Consultant
McMURRY/TMG, LLC
Commercial Investment Real Estate
(ISSN 1524-3249) is published
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Essex, Connecticut
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Baton Rouge, Louisiana
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Great Falls, Montana
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Kansas City, Missouri
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Thomas E. Hankins, CCIM
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Soozi Jones-Walker, CCIM
J. Howard King, CCIM
Robert Knight, CCIM
George C. Larsen, CCIM
Kevin G. Lenze, CCIM
Mark L. Levine, CCIM
Albert S. Livingston, CCIM
Charlie Mack, CCIM
Michael T. McLean, CCIM
James J. Piro, CCIM
David L. Schank, CCIM
Robert M. Stone, CCIM
Reader Services: All dues-paying
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4
September | October | 2013
Commercial Investment Real Estate