A little more industry oversight isn’t a bad thing

Do you like the idea of the federal government telling you how to run your business?  I’m usually all for laissez faire economics, but a colleague forwarded me this article and it really got me thinking.  After reading it, the first thing you might say is, “What does this have to do with commercial real estate?  It’s all about residential brokerage and encouraging fair practices through competition.”  Quite on the contrary, I’m writing about it because I believe the time has come for a similar review of the commercial real estate market.  Like the residential market, the commercial market has changed significantly in the last decade, as tenant representation becomes more common as a counter to the traditional landlord/tenant paradigm.  What previously was a commonplace practice has now become rare – tenants clearly embrace the value of having an ally well-versed in the market dynamics and space-planning strategy that they need to get the right space and the best terms for their business objectives.

The Antitrust Division of the Department of Justice has taken a step in the right direction with their new site – I hope they’ll go the extra mile and cover the commercial marketplace as well.

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Competitors are keeping an eye on me…

I guess it’s a sign that I’m doing something right.  A couple days ago, I was reviewing my subscriber rates at Feedburner.  For those of you unfamiliar with Feedburner, you can think of it as an RSS routing engine – my RSS feed for my blog is wrapped by Feedburner, allowing them to track statistics of RSS subscribers and usage via this feed.  As a result, I can get fairly specific feedback, like which RSS readers my fans are using and from what domain they are browsing.  Wouldn’t you know it, but under the “Uncommon Uses” tab, I found that there was one particular subscriber consuming my feed on their corporate Sharepoint site?  Click here to find out which real estate firm is keeping an eye on me.

To be honest, I’m flattered.  If my blog makes the grade to be syndicated to a corporate Sharepoint site, I’m going places.  In fact, I’m in such a good mood, that I will offer my blogging services to any commercial real estate firm that would like to get on-board.  Since I’ve been blogging for about 4 years cumulatively, if you have a broker or analyst who would like to start a blog for your firm or local office, I will take them under my wing – for a nominal fee – and teach them what they need to know to get started.  There’s more than enough room on the world wide web for a few more commercial real estate blogs and it would be my pleasure to advise you.  Email me via my Contact Me form and I’ll follow up with you directly.