Commercial Real Estate

Learn more about commercial

real estate

Illinois REALTORS® has created a new three-hour video that will help get you started in better understanding commercial real estate. Instructors Norm Willoughby and Alex Ruggieri explain why commercial transactions can vary greatly from residential transactions many of our members may be familiar with. 

Watch a promo | Watch the full three-hour video  |  Download the video guide


Legislation | Studies & Reports | Properties

Spring Session 2017 Commercial State Legislative Report

Lawmakers are considering a variety of bills that could affect the commercial real estate industry. Read the full overview here. (Members only)

Illinois REALTORS® participate in MIPIM

One of the largest real estate conferences in the world, MIPIM brings together more than 20,000 people interested in buying and selling property. Illinois REALTORS® sent a delegation to market the REALTOR® brand and the state of Illinois. 

Commercial Legislation

REALTORS® Work to Improve Watershed Management Ordinance in Cook County - The measure was the subject of a Call to Action by the Illinois REALTORS®' Cook County members, and on Oct. 3, the Board of Commissioners passed the proposed Watershed Management Ordinance.

Section 8 Voucher Holder Now a Protected Class Under Cook County’s Fair Housing Law - Read the Illinois REALTORS®' Q&A on the issue and make sure you are following the law.

Lease Accounting Progress
NAR Treasurer Bill Armstrong updates members about progress on lease accounting, as well as new legislation introduced in Congress to reauthorize terrorism risk insurance for commercial properties.

U.S. EPA Delays Lead-based Paint Rule Regarding the Application of the Renovation, Repair and Painting (RRP) Program to Non-Residential Properties
In 2011, the U.S. Environmental Protection Agency proposed a Rule which would extend the agency's lead paint regulations applicable to renovation activities to non-residential properties. After a year-long consideration and discussion, the USEPA has delayed issuance of the rule for at least 3 years. As a result of a new settlement agreement signed this past summer, EPA will now propose a combined interior/exterior public and commercial building lead paint RRP rule on July 2015. Rule is scheduled to be final in July 2016.  Regulated stakeholder groups, including the National Association of REALTORS (NAR) in D.C. have been meeting with EPA to get a better idea as to what kinds of information they need from the industry for this rulemaking. The current research/science related to lead hazards and children in commercial and public buildings is essentially non-existent (as admitted by EPA's own science advisors). NAR will continue to oppose this proposed Rule.

Studies & Reports

New RPR Tool Will Help Commercial REALTORS® Sell
Learn more about RPR and how it will serve Commercial practitioners:

NAR partners with Xceligent, Inc. to assist commercial REALTORS®
Services offered by Xceligent—a top commercial real estate information services provider and newest REALTOR Benefits® partner—will include a Broker Loaded Platform, Research Platforms, and a Public Search Service. More details will be coming soon. Watch this video from NAR to learn more.

Study shows devastating impact of lease accounting rules. Read the latest from the National Association of REALTORS® on pending legislation and the proposed Lease Accounting rule. Download talking points (pdf).

Commercial Properties


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More Resources

Northern Illinois Association of REALTORS®

NICAR covers the Chicago area with news and events of interest to commerical members. 

NAR Commercial

The National Association of REALTORS® provides reports, education opportunities, advocacy information and news on its website.

Other resources

Commercial Education and Networking Organizations

International Real Estate