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Washington Member Information
I have been in the commercial real estate industry as a commercial broker since 1987. All of that time, twenty-one years, spent specifically representing commercial real estate tenants. Some of the issues involved in tenant representative that are typically addressed in a lease deal are:
* Negotiation strategy and lease negotiation
* Coordination of legal, accounting and insurance reviews
* Coordination of design and construction for tenant improvements
* Purchase/sale representation; lease/purchase assessment
* Evaluation and control of rent escalation and operating expense passthroughs
I am a Washington, DC native, and have been a member of the Commercial Investment Real Estate Institute, an affiliate of the National Association of Realtors, and a Certified Commercial Investment Member (CCIM), since 1993. A CCIM is a recognized expert in the disciplines of commercial and investment real estate, an invaluable resource to the commercial real estate owner, investor, and user, and is among an elite corps of 7,500 professionals across North America who hold the CCIM designation.
Recognized for its preeminence within the industry, the CCIM curriculum represents the core knowledge expected of commercial investment practitioners, regardless of the diversity of specializations within the industry. The CCIM curriculum consists of four core courses that incorporate the essential CCIM skill sets: financial analysis, market analysis, user decision analysis, and investment analysis for commercial investment real estate. Following the course work, candidates must submit a resume of closed transactions and/or consultations showing a depth of experience in the commercial investment field. After fulfilling these requirements, candidates must successfully complete a comprehensive examination to earn the CCIM designation.
Only six percent of the estimated 125,000 commercial real estate brokers nationwide hold the CCIM designation, which reflects not only the caliber of the program, but also why it is one of the most coveted and respected designations in the industry. The CCIM membership network mirrors the increasingly changing nature of the industry and includes brokers, leasing professionals, asset managers, appraisers, corporate real estate executives, property managers, developers, institutional investors, commercial lenders, attorneys and bankers. Through this business network and through enhanced communication with the CCIM electronic network, CCIMs successfully complete approximately 156,000 transactions annually, representing more than $400 billion. CCIMs are in more marketplaces in North America - 12 CCIM regions representing 1,000 cities - than all major real estate companies combined. Regions and chapters provide designees and candidates the opportunities to promote business and educational goals through local and regional forums and meetings.
Conferred by the CCIM Institute, the CCIM designation was established in 1969.
Washington Office Space for
Lease Market Information
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Bloomberg Business Week / January 8, 2012 / Office Vacancies Decline in U.S. as Economy Recovers Slowly
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WBJ BIZ BEAT December 29, 2011 / D.C. office market ends '11 on lower
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The Washington Post / December 25, 2011 / Vacancy rate in Washington D.C. ended at 13%
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CLR Real Estate Industry Blog / November 25, 2011 / Growth Expected in Real Estate Markets in 2012
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Wahington Business Journal / October 4, 2011 / Demand slows fo Washington office space
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NUWIRE / July 26, 2011 / Some Office Space Markets Are Showing Gains
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Business Insider / July 1, 2011 / Best Cities To Start A Small Business
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Wasington Business Journal / June 30, 2011 / Commercial real estate slows down in Washington region
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Zachs Equity Research / April 5, 2011 / Office Vacancy Dips, Market Revives
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Washington Business Journal / April 1, 2011 / The smallest quadrant in Washington D.C. also has the least amount of office vacancy
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Wahington Business Journal / March 25, 2011 / Office Vacancy rates expected to rise in D.C.
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Washington Business Journal / January 3, 2011 / Office space declines
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Washington Business Journal - October 28th, 2010 - D.C. Office Demand Highest in 10 Years
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WashingtonCityPaper.com - July 2nd, 2010 - Mid-Year Checkup: Vacancy Rates Tumbline, Prices Rising
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The Washington Post - May 17th, 2010 - D.C. Office Vacancy Rate Up, Office Rental Rates Up
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CityBizList 2/27/2010 - Washington DC Office Space 1st Q Snapshot
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OfficeFinder Blog Entries - Washington DC Office Space
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CityBizList.net - April 16th, 2010 - DC Office Market to Lead Nation in Performance
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City Biz Real Estate - April 9th, 2010 - CBRE: DC Office Market Opens Year Slow and Steady
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The Wall St. Journal - March26th, 2010 - Regulation Fuels Demand for Office Space
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FederalTimes.com - March 25th, 2010 - GSA, DHS Details Plans for Consilidating Leased Office Space
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MyBankTracker.com - February 19th, 2010 - Washington D.C. Prepares for Commercial Property Bubble to Burst
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The Washington Post - February 19th, 2010 - In D.C., More Evidence That Commercial Real Estate Headed for Forclosure Crisis
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The Washington Post - February 14th, 2010 - Fairfax County Seeks Private Sector to Rent Empty Government Office Spasce
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The Washington Business Journal, January 4th, 2010 - Report: D.C. Office Demand Up
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The Washington Post - January 5th, 2010 - Office Vacancies Finally Shrinking in DC Area
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The Washington Business Journal - December 11th, 2009 - Office Vacancy in D.C. to Match Northern Virginia
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The Washington Business Journal - November 19th, 2009 - D.C. Vacancy Rates to Hit 15% in 2010
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The Washington Post - September 14th, 2010 - Vacant Office Space Soars - Competition for Tenants Grows
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The Washington Post - July 7th, 2009 - Local Office Vacancies Soar, Driving Down Rents
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The Washington Business Journal - April 13th, 2009 - D.C. Office Vacancies Remain Low
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The Washington Times February 16, 2009 - D.C. office space, real estate sags
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Washington Business Journal February 2, 2009 - Trophy vacancy rate low, but should increase in 2009
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Washington Post May 19, 2008 - Regional Office Leasing Activity Lowest Since 1995
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Washington DC OfficeFinder Office Market Overview
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