One of the largest commercial industry events is ICSC’s RECon – a retail conference and leasing event that attracts approximately 35,000 developers, investors and brokers to Las Vegas each year – and NAR will be there. Located in the Leasing Mall, NAR’s booth is available to members with table space you can book for client meetings, to rest your feet, or to connect with NAR’s Commercial staff team.
As a result of a Supreme Court ruling in the early 1990s, Internet retailers have largely been exempted from collecting state and local sales taxes on their sales transactions because these tax laws were seen as overly complex and placing too heavy a burden on interstate commerce, unless the retailer had a physical presence in the state.
To give REALTORS® even more data in their arsenal of information, Realtors Property Resource®, (RPR), recently added Points of Interest (POI) to the maps if RPR Commercial. These POI’s aren’t simply just pins on a map. Separated into ten broad categories such as retail, manufacturing, transportation, retail and ﬁnance, with nearly 100 subcategories, each point of interest displays basic information about the business at that location including address, number of employees, annual sales volume and industry.
The retail sector provided stable performance in 2013. Consumer spending remained steady through the year and notched a noticeable gain in the last quarter, as households’ wealth received a much-needed boost from both ﬁnancial and residential housing markets. Retail sales were up 4.2 percent in 2013 compared with the prior year, driven by a 9.8 percent gain in auto sales and a 5.9 percent rise in sales of building materials.
The sharp rise in e-tailing and its game-changing impact has created a new normal in the retail real estate sector. Major national retailers are evolving their strategies in an eﬀort to “survive and thrive” in this new market dynamic.
Higher education is one way REALTORS® are developing the skill sets to meet greater customer demands for professionalism in the industry, says William Hardin III, director of the Hollo School of Real Estate at Florida International University.