Louisiana Commercial Realty has been ranked among the top 100 commercial-only real estate brokers in the Gulf South area, including northwest Florida, Alabama, Mississippi and Louisiana, having been inducted into the Society of Industrial and Office Realtors, which is an invitation-only international organization of the top ranked commercial real estate brokers in 630 cities and 34 countries. SIOR members are specialists in the office and industrial markets and must meet stringent requirements certifying their expertise. Of the 1.2 million licensed real estate agents in the United States, only 3,000 have the SIOR designation and, of those, only 100 are in the 4-state Gulf South area. Members of SIOR are the highest performers in the industry, and reported more than $12.5 billion in sales and leases last year. Louisiana Commercial Realty president Robert Hand explains,
“Being a member in the Society of Industrial and Office Realtors means our company is ranked among the top commercial real estate brokers in the U.S., which means our clients benefit from a dedication to excellence and a commitment to providing a higher level of service.”
The SIOR organization was founded in 1939, but one year and two months later, the United States entered WW2. The urgency of the war effort required ability, integrity, and sincerity from the brokers—three qualities that we have held in high regard to this day. During the war, members were instrumental in locating existing, and immediately available, plant space that could be utilized to defend our country. Over 200 brokers from across the United States and Canada surveyed suitable facilities and reported their findings to the War Department (now the Department of Defense), playing a vital role in the business of commercial real estate to help provide the infrastructure to produce goods to make life better.
Click here for information on the Commercial Real Estate Index, a proprietary summary of commercial real estate conditions in the U.S., based on a survey questionnaire including: (1) recent leasing activity; (2) trends in asking rents; (3) trends in vacancy rates; (4) subleasing conditions; (5) levels of concession packages in leases; (6) development activity; (7) site acquisition activity; (8) investment pricing levels; (9) the impact of the local economy on the property market; and, (10) the effect of the national economy on the property market.