Commercial real estate forum draws crowd in Salisbury
Sperry Van Ness Miller Commercial Real Estate with offices in Salisbury, Annapolis, and Bethesda, Md.; and Seaford, Lewes and Wilmington recently held its 2015 Commercial Real Estate Forum at the Perdue School of Business in Salisbury. The event focused on providing relevant information to real estate investors regarding economics, community development and market statistics.
The event drew over 130 commercial real estate investors and was sponsored by W.R. McCain & Associates, BB&T, Twilley, Rommel & Stephens, Real Estate Title and Escrow, Real Property Services, Paradise Energy Solutions and Delmarva Power. The forum featured guest speaker Jason Broadwater of Revenflo and keynote speaker Anirban Basu of Sage Policy Group.
Broadwater’s presentation focused on places, millennials and the innovation economy. He said, “The millennial generation, the revitalizing downtowns and urban districts, and the innovation slice of traditional industries…all these threads are weaving a new world in economic development and commercial real estate. What’s a small city to do?”
Basu returned to the forum for the fourth year and summarized his presentation by saying, “I focused on the global, national and local economies, with considerable attention given to the performance of labor markets, which directly influences net absorption, real estate valuations and ultimately commercial construction.”
Wesley Cox of Sperry Van Ness Miller said, “We are seeing the true resilience of our economy as the commercial real estate sales volume in our area was up 44 percent from 2013. Our market is recovering, and we expect that to continue through 2015, but we still have a lot of work to do, and we will continue our efforts to turn bad news into new opportunities.” Attendees had very positive feedback about the forum.
To be added to the invitation list for next year or to inquire about sponsorship opportunities for the 2016 Commercial Real Estate Forum, contact Wesley Cox, CCIM at Wesley.Cox@svn.com, call 410-543-2440 or go to www.SVNmiller.com.
