by Jbs020309i3 — February 6, 2009—NAIOP, the Commercial Real Estate Development Association, recently announced specific steps the organization will take in 2009 to protect the interests of its members and the commercial real estate (CRE) industry at large, and to provide solutions that sustain its members’ businesses and facilitate returning the industry to good health.
“NAIOP’s Four-Point Promise to our Members during these Difficult Times” says that in 2009, NAIOP will:
NAIOP has established a member-driven Commercial Credit and Capital Advisory Board of capital experts to interpret fast-moving markets and how they affect the industry. NAIOP met with the Obama administration and Congress to ensure they understand the vital role commercial real estate plays in the economy, and will continue to protect the industry’s interests with strong advocacy efforts that safeguard against public policies adverse to commercial real estate.
NAIOP is launching a new audio series of “Economic Insights,” up-to-the-minute, straightforward economic reports on news that affects the industry. Specialized education on surviving in tough markets, presented by seasoned industry veterans, will be delivered via Web-based sessions, acknowledging reduced travel policies while maintaining the high standard of education expected from NAIOP.
The NAIOP Research Foundation has produced new studies on commercial real estate’s economic contributions to the nation and macro-economic indicators that drive new development. This information will enable the industry to identify tomorrow’s development trends and how to be positioned for capitalizing on ensuing business opportunities.
NAIOP will offer support that allows members to continue membership in tough times, and put forward career tools and professional development resources.
NAIOP notes that commercial real estate has a tremendous impact on the US economy, with construction-related spending reaching $549 billion and adding 839 million sq.ft. of existing building space in 2007, the latest comprehensive data available. It is one of the leading employers in the US, supporting 4.89 million full-time-equivalent jobs in 2007, and generating personal earnings of $170.1 billion.
