AIR CRE 41st Annual Golf Classic – Sept 30, 2025
As we move through the second half of the year, AIR CRE continues to demonstrate resilience and forward momentum. Across every area of the organization—from the adoption of new technology and expansion of national tools to exceptional event participation—our Members are engaged and active, shaping the commercial real estate market through collaboration and insight.
Research & Listings: Investing in Member Value
Member response to the new features available through the upgraded Moody’s Pro platform has been very positive, with users leveraging its enhanced analytics, AI-driven insights, and expanded market data available nationwide.
Contracts: Expanding Access and Capabilities
A major milestone was reached this quarter as AIR CRE Contracts achieved full nationwide coverage—now active in all 50 states and Washington, D.C. This achievement underscores our long-term investment in delivering standardized, legally sound tools that improve efficiency and reduce risk for the brokerage community.
Work also continues on the new AIR CRE Contracts application, now in final testing. Scheduled for launch in 2026, the upgraded platform will provide full online access, mobile compatibility, and intuitive user experience while maintaining the legal precision our users rely on.
AIR CRE>Next: Building the CRE Industry’s Future
The AIR CRE>Next Class of 2025 has remained highly active throughout the quarter, participating in a variety of education and networking programs. Highlights included multiple Lunch & Learn sessions and peer-led events that continue to build lasting professional connections.
“The AIR CRE>Next program has been an incredible way to kickstart my career in brokerage. It’s helped me build relationships with brokers across multiple markets and provided hands-on training and events that have elevated my understanding of the business and the opportunities within it. Grateful to be part of such an awesome group pushing each other to level up in the industry.”
— Joey Fabian, Associate, NEWMARK – AIR CRE>Next Class of 2025
Applications are now being accepted for the AIR CRE>Next Class of 2026, with a submission deadline of November 7, 2025. If you have been in the business less than two years, are a licensed broker or salesperson, and work for a Member firm, you are encouraged to apply. Or, if you know someone who meets the listed criteria please share the application link: APPLY NOW
Events: Q3 Recap & Q4 Preview
The 41st Annual Golf Classic once again captured the collaborative spirit that defines AIR CRE. The event brought together professionals from every corner of Southern California—including >Next Members, senior brokers, owners, and service providers—for a day that blended competition, networking, and camaraderie. The strong turnout and sponsorship support reflected both the event’s enduring appeal and the strength of AIR CRE’s community. See all of the event photos here: EVENT PHOTOS
Additional Q3 programming included the Member favorite, Port of Los Angeles Boat Tour, well-attended Contracts Strategy Seminars in Orange County, and a series of >Next Lunch & Learn events hosted by market leaders such as CenterPoint.
Q4 Events:
- 10/23: AIR CRE>Next Meet & Greet – El Dorado Park Golf Course, featuring board members and industry leaders, Jodie Poirier of Colliers and President-Elect Rusty Smith of Cushman & Wakefield
- 11/12: Town Hall on AB 98 Compliance (presentation by CBPA)
- 12/3: >Next Day of Learning
- 12/9, 12/11, 12/16, 12/18: Research & Listings Advisory Board Meetings
Go to the EVENTS PAGE to register for events.
Market Momentum & Outlook
The Southern California market remains mixed but shows continued signs of improvement.
Industrial: Southern California’s industrial market continues to rebalance following several years of rapid expansion. Availability rose 11% year-over-year, while asking rates declined for the eighth consecutive quarter, down roughly 5% from last year. The construction pipeline contracted 47%, with 14.1 million SF underway, while 4.6 million SF delivered in Q3 and another 6.8 million SF is projected for Q4. Sublease and sale activity remain elevated but slower than prior years. Overall, the market is stabilizing as pricing moderates and tenants regain leverage heading into 2026.
Office: Occupancy is slowly increasing in select submarkets as both institutional and private investors return to the market, seeking well-located, high-quality, well-amenitized assets at more favorable pricing. Century City remains one of the strongest office markets in the country, maintaining high occupancy, stable cash flow, and strong tenant credit while the suburban San Gabriel Valley posts the lowest vacancy in all of Greater Los Angeles.
Capital Markets: September’s 25 basis-point interest-rate reduction has improved market sentiment, and another modest cut is anticipated before year-end. These moves are beginning to unlock deal flow that had been stalled earlier in 2025.
Legislation: New clarity from Sacramento around AB 98—the Warehouse and 21st-Century Building Standards Act—has been provided via SB 415, which will be the focus of our upcoming Town Hall on November 12 at 11am, in partnership with CBPA. The session will cover the technical fixes to AB 98 secured through SB 415, showing the revised language along with a plain-English explanation of what it clarifies or corrects.
In Closing
Each quarter reinforces how much AIR CRE can achieve when Members stay engaged and connected. Your participation—through events, committees, and platform use—continues to strengthen the value of this organization and the community it represents.
Thank you for your continued involvement and support as we head into the final quarter of 2025.
Warm regards,
Natalie Bazarevitsch
President/Executive Chair, AIR CRE