TERRY E. SMITH, SIOR, CCIM
COLLIERS INTERNATIONAL | NASHVILLE, TENNESSEE
All Good Things Must Come To an End—or Not?
It’s amazing how much can change in a year. The commercial real
estate market, in line with the national economy, has transformed
from a state of hesitant recovery to near pre-Great Recession levels. The SIOR Commercial Real Estate Index gained 11. 7 points
this past quarter, its highest gain since 2008. Consumer wealth
and spending are up, companies such as Amazon are buying
warehousing space like there is no tomorrow, and we are even
seeing a resurgence in American manufacturing.
I am faced with mixed emotions at the time of my writing this.
My year as President is coming to a close, and I cannot believe
how quickly it has passed. It was an exciting time of growth, for
business and for SIOR, and I am sad to see my involvement as
President come to an end. Yet I have never been more proud to
be an SIOR, and having the chance to serve as President of such
a great organization is truly the highlight of my career.
Looking back, it is truly remarkable to see how far SIOR
has come this past year. The face of SIOR has transformed dramatically. We have won awards and expanded globally. We are
industry leaders—in terms of our membership, our membership
services, and our place in the commercial real estate industry.
While;my;term;as;President;now;comes;to;an;end,;I;am;confi-dent that SIOR will continue to effectively represent the best of
the best in commercial real estate.
Big News from HQ – MySIOR is Upgrading
SIOR has always taken the lead on face-to-face interaction – and
now we are taking it online (and mobile). MySIOR is upgrading.
The new site will provide more features for enhanced networking. Members can stay connected and engaged between conferences. Chapters can communicate and collaborate. New products
and services are easily accessed in one central place.
SIOR Fall World Conference Chicago
In just a few weeks we will be headed to our Fall World
Conference in Chicago. With the market in full recovery, our
media partnership with GlobeSt.com going strong, and a centrally located venue, I suspect this will be one of our biggest
conferences ever. This year we have a very exciting program,
including former Governor of Pennsylvania and former Director
of Homeland Security, Tom Ridge; Prologis Speaker Series
General Session presenter, Author Sally Hogshead; and Chief
Economist of Stewart Title Guaranty Company, Ted Jones, PhD.
I want to take a moment to thank the SIOR staff. Over the past
year I’ve gotten a chance to see what it takes to keep this wonderful organization growing, and their accomplishments are nothing
short of astounding.
I also want to welcome your incoming SIOR President, Mike
Hillis, who will be taking the reins this October in Chicago. I’ve
had the pleasure of working with Mike for many years now, and
SIOR could not be in better hands.
Thank you for a memorable year.