December 2022

Next Marketing Meeting

COAR’s next monthly commercial marketing meeting will be Friday, December 2, at 9 AM. The meeting will be held in a hybrid format – in person in the COAR annex building, as well as a virtual option for those who wish to join remotely. Our guest speaker will be Peter Gutowsky, Community Development Director with Deschutes County, providing an update on activity and major projects in the County. To join the meeting online, visit https://global.gotomeeting.com/join/947798717 on your computer, tablet or smartphone. You can also dial in using your phone by calling (646) 749-3112. Access Code: 947-798-717.

Commercial News

COAR scholarship helps cover the cost of commercial courses and education
The Central Oregon Association of REALTORS® Commercial Committee has re-opened the application period for its commercial education scholarship. This scholarship is designed to help commercial brokers further their education in commercial real estate. Two scholarships per year are available up to $500 each. Examples of how the scholarship can be used include CCIM and SIOR courses, as well as other commercial designations and continuing education courses. Interested? Email tyler@coar.com.

Commercial Real Estate Update: Market Volatility
These slides were presented by Matt Vance, Senior Director, Americas Head of Multifamily Research and Senior Economist at CBRE, at the Commercial Economic Issues & Trends Forum on November 12, 2022, as part of NAR NXT: The REALTOR® Experience 2022
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Economic and Commercial Market Outlook
These slides were presented by NAR Chief Economist Lawrence Yun at the Commercial Economic Issues & Trends Forum on November 12, 2022, as part of NAR NXT: The REALTOR® Experience 2022.
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Young Buyers Focus on Investment Properties to Build Wealth
Many under the age of 40 are looking at real estate as a means to generate income rather than looking for their own home to live in, a new survey shows. Forty-three percent of people younger than 40 say they are considering becoming “rentvestors,” who continue to rent their own home while shoring up income from an investment property, Mynd’s 2022 Consumer Insights Report(link is external) shows. That compares to just 9% of baby boomers and 27% of Gen Xers who are using the same wealth-building strategy.
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Commercial Newsletter and Publications

International Business Trends
Commercial Connections
Marijuana and Real Estate: A Budding Issue
Expectations and Market Realities in Real Estate

Important Links for Commercial Practitioners

CCIM (Certified Commercial Investment Member)

NAR Commercial Information

IREM (Institute of Real Estate Management)

LoopNet

SIOR (Society of Industrial and Office REALTORS®)

Brevitas

CIPS (Certified International Property Specialist)

Economic Development of CO

LEED Certification (U.S. Green Build Council)

Redmond Economic Development

ZipForms

Central Oregon Builders Association

Brought to you by COAR Platinum Sponsor: Axia Home Loans