Independent Commercial Real Estate Companies Report Positive Gains in Business Activity

At the TCN Worldwide Real Estate’s Annual Principals meeting in Chicago, a majority of the firms reported solid first quarter sales numbers in both leasing and sales in all commercial real estate sectors. Starboard TCN from San Francisco reported best first quarter sales figures in over three years.

While corporate America real estate activity continues to be at extremely low levels, TCN affiliates are reporting that independent and local firms are now back in the market to take advantage of low rental rates and for long term commitments. This will allow businesses to invest in new equipment, which should help jump-start the economy.

98% of TCN members reported planning to hire new brokers and expand operations in anticipation of this positive news. The same number expects to be profitable throughout the year.

This is a clear difference from larger corporate real estate firms that are faced with serious overhead reduction problems, mergers and sinking sales figures as they continue to concentrate on serving corporate America clients.

“Independent firms want brokers that have proven market knowledge of their local market needs while also moving quickly to respond to their immediate needs,” says Ross Ford, President of TCN.

TCN represents entrepreneur firms throughout the world. Ranked as the 8th largest real estate organization in the world in terms of total lease transactions, TCN also announced new member affiliates in England, Australia and China.