SOURCE: CCIM Institute

CCIM Institute

January 27, 2016 12:09 ET

Iowa Caucuses Affect Iowa Commercial Real Estate

Iowa Commercial Real Estate Professionals Address Tax Issues and "The Donald" Effect

CHICAGO, IL--(Marketwired - January 27, 2016) - In Iowa, the stability of the commercial real estate market gets indirect and direct economic boosts from the Iowa caucuses every four years, especially in years like 2016 when the races are wide open. Short-term rentals of offices provide a direct boost for commercial real estate in every corner of the state, and hotel owners and investors see average daily rates skyrocket when the presidential candidates and the media travel through the entire state.

"We definitely get some income from the Iowa caucuses; there are no vacant spaces in our cities, and three presidential candidates are here every week," says 2016 Iowa CCIM Chapter President Christopher Bogenrief, CCIM, president at United Commercial in Sioux City, Iowa, who plans to participate in the Iowa caucus for Woodbury County.

The indirect boosts are tougher to measure but a strong interest in tax issues encourages commercial real estate professionals to participate in the Iowa caucuses on Feb. 1.

"This cycle is different. With the media barrage of the caucus season, the differences among the candidates concerning taxation, healthcare, and other government involvement in business is wider than it has been in any other race," says 2016 Iowa CCIM Chapter President-Elect Brian Rosteck, CCIM, of Skogman Commercial in Cedar Rapids, Iowa, who plans to participate in the Iowa caucus on Feb. 1. "This is creating some concern with my clients right now. It hasn't caused any change in course, but my clients are paying attention and plan on caucusing and voting to have their voices heard."

"A U.S. President running for a second term is an influencer and can somewhat control what the Fed will do," says 2016 CCIM Institute First Vice President David P. Wilson, CCIM, executive vice president of development at Lockard Companies in Cedar Falls, Iowa, who plans to the participate in the Iowa caucus for Black Hawk County. "As a result, the Iowa caucuses in the second term is crucial for an existing President focused on re-election. This year, oil prices are down and unemployment is lower as well. Now the Iowa caucuses will not necessarily have a major focus on the economy but rather on issues such as terrorism and foreign policy."

In 2016, Donald Trump has raised his populist banner and attracted lots of attention from commercial real estate professionals.

"Trump is something we haven't seen before in politics, and he's breaking all the rules," says Jim Tansey, CCIM, principal of Lockard Companies in Davenport, Iowa, and Iowa City, Iowa, who participates in the Iowa caucuses every four years and has met most of the 2016 presidential contenders. He is not a Trump supporter. "He may help commercial real estate professionals' reputations as problem solvers."

"It gives me a comfort level that Trump understands and will protect commercial real estate," Bogenrief says.

"Should he make it all the way to the White House, the assumption is Mr. Trump's passion and understanding of commercial real estate could lead to policies that would make it easier to do business of all types," Rosteck says. "But I haven't seen that his candidacy is influencing my market at this point."

"The Trump factor has brought in a new dynamic for the real estate developer," Wilson says. "What is Trump going to do? Even in the commercial real estate sector, Trump wants to see business is not lost to Mexico or China. Those opportunities will be good for Iowa. Our state has the services and land for the development of industrial parks and hi-speed Internet, so businesses can succeed."

In fact, Iowa consistently ranks seventh among 50 states for lowest cost to do business, with payroll costs 14.1 percent lower than national average, and industrial space rental and construction costs respectively 15 percent and 18 percent lower than national average, according to the Iowa Economic Development Authority.

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About the CCIM Institute

Since 1969, the Chicago-based CCIM Institute has conferred the Certified Commercial Investment Member (CCIM) designation, commercial real estate's global standard for professional achievement, to commercial real estate and allied professionals. The extensive curriculum includes of 160 classroom hours and professional experiential requirements. The CCIM curriculum was redesigned in 2010 to reflect changing student demographics and real estate brokerage services, growth in international markets, new technologies, and new delivery models. The core curriculum addresses financial analysis, market analysis, user decision analysis, investment analysis, and negotiation -- the cornerstones of commercial investment real estate.

An affiliate of the National Association of Realtors®, the CCIM Institute also offers powerful technology tools such as the Site To Do Business, an online site analysis and demographics resource.

Currently, there are nearly 10,000 CCIMs in 1,000 markets in the U.S. and 31 additional countries, with another 3,000 practitioners pursuing the designation, making the institute the governing body of one of the largest commercial real estate networks in the world. Visit and for more information.

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