Five Questions With: Jim Moore

Jim Moore, of Peter M. Scotti & Associates, is the 2016 president of the Rhode Island Commercial and Appraisal Board of Realtors.
Jim Moore, of Peter M. Scotti & Associates, is the 2016 president of the Rhode Island Commercial and Appraisal Board of Realtors.

Jim Moore, a sales associate and a broker manager at Peter M. Scotti & Associates, recently was installed as the 2016 president of the Rhode Island Commercial and Appraisal Board of Realtors. Moore, who started working in commercial real estate in 1981, spoke with the Providence Business News about the market and the role of the commercial board.

PBN: How did you enter the field?
MOORE:
I met my future employer at a bar, pouring a cocktail for him. He challenged me to come move to Providence and get into the exciting world of real estate. That was 1981 and it was Providence Land Co.

PBN: What appeals to you about commercial real estate?
MOORE:
The real estate business offers you a lot of flexibility. There is as little opportunity or as great opportunity as you have appetite for. There are no limits. You can set your own limits or expand them.

PBN: As incoming president of the Commercial and Appraisal Board of Realtors, what will you be doing in that role?
MOORE:
We’re part of the National Association of Realtors and the Rhode Island Association of Realtors. As far as our local offerings, we focus on education and the services that our board offers for membership to their benefit, which is a commercial MLS, the Rhode Island commercial information exchange. We also have the resources of our national organization, which is focusing more on commercial practitioners.

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PBN: What is moving now on the commercial market in Rhode Island?
MOORE:
If you look at our commercial marketplace in comparison to large commercial areas, like Boston or New York, you could make the comparison that it’s a relatively slow market. It comes down to the dynamic of growth in the market and our market has been relatively static for many, many years. We get occasional spurts, in the mid-80s, and the mid-2000s, but we never get a lot of sustained growth, and that’s growth in population and also our economy.

PBN: Is that across the spectrum, including industrial and office space?
MOORE:
Office space is a difficult one because it continues to morph as technology continues to morph. The traditional requirement for office space is changing because now you can do business from anywhere. To have that corner office is not necessarily a requirement, where you have all your tools there. It’s like being a carpenter, when you’re out in the field. If you don’t have all your tools you’re not going to get much work done. Now we have our tool bag, and we can bring it with us where we go. That’s been changing the dynamics of the office market.

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