Dear Commercial Real Estate Broker,

Western Real Estate Business is conducting a brief online survey to gauge market conditions throughout the region, and we welcome your participation. This survey should only take a few minutes to complete. Questions range from the outlook for investment sales and leasing activity in 2015 to lease negotiations to interest rates.

We’re also sending separate surveys to finance professionals and owners/developers/managers in the Western U.S. The results will be collated and published in our January issue. Conducting these surveys is part of our mission at France Media to provide readers with indispensable information.

Sincerely,

Matt Valley
Editorial Director
Western Real Estate Business

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* 1. Which of the following best describes your company? (Please mark all that apply)

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* 2. Check the box that best describes your job title:

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* 3. Which property sectors do you specialize in? (Please mark all that apply)

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* 4. Do you expect your firm’s total transaction volume by dollar amount (leasing and investment sales combined) in the Western U.S. in 2015 to be higher, lower or the same as in 2014?

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* 5. If you answered "higher" to the previous, by how much?

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* 6. If you answered "lower" to the previous, by how much?

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* 7. Generally speaking, which property categories do you think will experience a high velocity of sales activity across the Western U.S. in 2015? (multiple answers allowed)

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* 8. Generally speaking, which property categories do you think will experience a low velocity of sales activity across the Western U.S. in 2015? (multiple answers allowed)

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* 9. Which property sector(s) will experience the greatest increase in valuations in your view over the next 12 months?

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* 10. Which of the following lines of business do you anticipate will be among the biggest drivers of revenue growth at your firm in the Western U.S. in 2015? (multiple answers allowed)

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* 11. List the top three industries that you believe will drive office leasing growth in 2015 across the Western U.S.? (Example: financial services, energy, healthcare, etc.)

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* 12. When it comes to lease negotiations, please rank the importance of each of the following factors.

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* 13. Do you expect the number of 1031 tax-deferred exchanges to increase, decrease or stay the same in 2015 compared with the level of activity in 2014?

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* 14. Do you expect interest rates to increase, decrease or remain relatively unchanged during the next 12 months?

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* 15. What is your best guess as to where the 10-year Treasury yield will stand at the end of 2015?

The following three questions request written responses. If you want to share your comments on the record, please include your name, job title, company name, phone number and email address. You can also feel free to leave an anonymous comment.

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* 16. What impact do you think the results of the mid-term elections will have on the commercial real estate industry over the next few years?

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* 17. What impact do you believe the implementation of the Affordable Care Act has had, or will have, on the commercial real estate industry?

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* 18. What do you see as the greatest challenge and greatest opportunity for the commercial real estate industry in 2015?

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