INDUSTRIAL SECTOR MOVES FORWARD
TERRY E. SMITH, SIOR, CCIM
COLLIERS INTERNATIONAL | NASHVILLE, TENNESSEE
Commercial Markets Going Strong
I love this job. This past year, as President of SIOR, I was given
the unique experience to travel the world—to go to chapter meetings, and conventions across the globe and witness the enthusiasm and excitement about where the commercial real estate
market is going first hand.
I’ve been working in commercial real estate for more than 30
years, and I know what this excitement means when I see it—it
means that despite the general sense of uncertainty surrounding Washington, we are now in the natural state of upswing.
Throughout this past year the commercial real estate industry has
remained resilient and robust.
Right now we are seeing the best deals. Vacancy rates are
just beginning to go down, prices are on the upswing, and companies have some money to spend. Companies are realizing
that business has to go on, and the pressure of doing so in the
face of uncertainty is forcing them to make decisions and drive
Just look at Amazon. Amazon has done more leasing than
anyone in the country—at around nine million square feet of
new buildings. It’s tough to worry too hard about what’s going
on in Washington when online retail sales are continually growing by 200 percent, making their presence felt from Nashville
Giving You the Tools You Need
With the market in recovery, it’s up to SIOR to give you the tools
you need to get deals done and drive business. Now you have the
ability to communicate with membership through SIOR’s robust
emailing platform, SIOR Connect. I’m sure you have seen the
emails by now, but don’t tune them out! Did you know you can
control the amount you receive? By filtering your preferences,
you can choose which types of messages you want to receive.
Log onto MySIOR to set them today. So, whether you have a
listing, property requirement, or general inquiry, now, with SIOR
Connect, you are also able to easily send targeted messages to
I was excited to see more than 600 SIOR members and other
industry professionals attended the SIOR Spring World
Conference in Indian Wells, CA. Between the speakers, golf,
cruising on a Harley through the California desert, I think it’s fair
to say that the conference was a resounding success. We also saw
an amazing first, with the partnership of ALM media group and
SIOR taken to another level with SIOR Live—a live broadcast of
interviews from the exhibit hall floor. Be sure to check out yours
truly and other SIORs interviews on the SIOR You Tube channel.
It’s an exciting time…for business…for SIOR…for the first time
in a long while I cannot wait to see what’s in store for the organization and the industry. As always, I will try and make sure that
SIOR gives you the absolute highest value in services, and the
tools to succeed and drive business in this new economy.
If there is anything you would like to bring up regarding the
organization, it’s direction—any thoughts, comments, and/or
concerns—please do not hesitate to email me at email@example.com. I look forward to seeing everyone this fall in Chicago,
and in NASHVILLE IN FALL OF 2014.