Originally published on April 9, 2021 by Brielle Scott for NAIOP Blog.
The disruption caused by COVID-19 has accelerated the blending of brick-and-mortar retail and logistics real estate. This has resulted in the emergence of a new hybrid store model – one that takes omnichannel strategies to the next level and promises to revolutionize the retail, industrial and logistics industries.
Originally published by Gary Tasman on March 30, 2021, for NAIOP.com.
If nothing else, 2020 taught us that we can all adapt to changing conditions and learn how to navigate through radical shifts in how we function day-to-day. This is the case not only for individuals and families but also for businesses. Millions of business owners and managers were forced to radically reinvent their business models to remain solvent during the COVID-19 crisis. This is especially true of the restaurant industry, which is rapidly accelerating new and pre-existing trends.
Both chambers of Congress return to Washington, D.C., this week from a two-week recess, prepared to begin work on President Joe Biden’s American Jobs Plan, an approximately $2.4 trillion package to fund infrastructure investments, research and development, clean energy tax credits, and expansion of Medicaid coverage for long-term care services, among others. Biden is scheduled to meet with Republican and Democrat leaders to begin talks on achieving a bipartisan bill, but the White House and Democrats have signaled their intent to pursue the budget reconciliation process if a bipartisan agreement is too difficult. Budget reconciliation allows legislation to pass the Senate with a simple majority, rather than the 60 votes usually required to avoid a filibuster.
In January 2020, representatives from the Charlotte Regional Transportation Planning Organization (CRTPO) publicly launched Beyond 77, a project focused on improving travel along the I-77 Corridor from Statesville, N.C. to Rock Hill, S.C. To date, over 19,000 surveys have been completed in an effort to prioritize transportation alternatives for the area. In early April, the third and final public engagement phase kicked off, where participants are asked to weigh in on potential solutions. Residents who live, work or travel through this region are encouraged to participate in the study by visiting Beyond77.com and taking a brief survey.
For those who want to hear directly from the planning team, representatives from the Beyond 77 study will be hosting two Virtual Public Meetings on April 21 and May 13 from noon to 1 p.m.
Originally published on March 3, 2021, by Kathryn Hamilton for NAIOP.org.
NAIOP is again partnering with CEL & Associates, Inc. to compile the 2021 NAIOP/CEL Commercial Real Estate Compensation and Benefits Survey. A nationally known real estate advisor, CEL has conducted this survey –the largest in the industry – for 32 consecutive years.
Originally published on April 6, 2021, for NAIOP Source E-Newsletter.
President Joe Biden has unveiled his American Jobs Plan, a $2.3 trillion plan to fund infrastructure projects such as roads, bridges and railways, but also what the administration terms “human infrastructure” investments in childcare, as well as measures to transform the energy sector toward a carbon-free future. In order to fund the plan, the Biden administration proposes to raise the corporate tax rate from the current 21% to 28% and would seek a global minimum tax for multinational corporations.
Thank you to our many members who showed up to speak at the virtual public hearing on the draft Charlotte Future 2040 Plan. Mayor Lyles announced that the vote will be pushed to June 28,2021 to allow for more public input. We look forward to continuing to work with members of City Council and planning staff to assist in completion of the plan.
As part of the continued request for public input, the City of Charlotte has scheduled the first three virtual town halls.
Originally published by Andrew McCoy, Ph.D., and Amin Yeganeh, Ph.D. in March 2021 for NAIOP's Research Foundation.
The construction industry has historically been slow to develop or adopt new technologies, resulting in productivity growth that has lagged other sectors. However, protracted labor shortages have increased demand for labor and time-saving technologies, and recent advances have given rise to a new generation of more efficient, flexible and adaptive construction technologies. Successfully adopting these new technologies will require that firms evaluate their costs, benefits and risks and update construction practices as needed.
Originally published by Andrew McCoy, Ph.D., and Amin Yeganeh, Ph.D. in March 2021 for NAIOP's Research Foundation.
The construction industry has historically been slow to develop or adopt new technologies, resulting in productivity growth that has lagged other sectors. However, protracted labor shortages have increased demand for labor and time-saving technologies, and recent advances have given rise to a new generation of more efficient, flexible and adaptive construction technologies. Successfully adopting these new technologies will require that firms evaluate their costs, benefits and risks and update construction practices as needed.
Originally published by Trey Barrineau for NAIOP Spring 2021 Issue
In late 2020, the U.S. and other countries began distributing vaccines to control the COVID-19 pandemic. It is the single most important development in the year-long fight against the disease, which has killed and sickened millions around the world and crippled the global economy.
As the U.S. enters year two of the COVID-19 pandemic, strip centers and malls, which have had most of the exposure to retail tenants that have struggled from a sales perspective, stand at the greatest chance of experiencing property-level distress in the months to come, according to Kevin Cody, the senior consultant at real estate data firm CoStar Advisory Services.
CoStar expects the average vacancy rate for malls across the country to climb by around 3.1 percentage points between the fourth quarter of 2019 and the fourth quarter of 2021, Cody notes. At the same time, the vacancy rate for neighborhood shopping centers and freestanding retail will likely climb by only 1.3 percentage points and 0.4 percentage points, respectively.
Originally published on March 30, 2021, for NAIOP Source E-Newsletter
President Joe Biden is expected to unveil his plans for an infrastructure and economic growth proposal amounting to nearly $4 trillion while on a visit to Pittsburgh this Wednesday. The package is expected to be divided into two parts, with the first part focused on infrastructure investments for transportation and initiatives related to Biden’s efforts to address climate change. The second package will be geared toward domestic initiatives such as national childcare programs, free community college, and universal pre-kindergarten.
Originally published on March 26, 2021, by Cary Chandler and Ellen Lieder for NAIOP
Although the long-term impacts of the pandemic on the office environment are yet to be determined, many knowledge workers could eventually go back to the office. When workers return to urban office towers, they may anticipate an exceptional experience that delivers more than their home office could offer: a workplace destination that has community attractions they’ve craved over several months of remote work.
Date: April 7, 2021
Day/Time: 2-3 p.m. ET
Location: Virtual
Exclusive NAIOP Developing Leaders Program for Members in our Southwest Chapters
Participate in the 2021 NAIOP/CEL Commercial Real Estate Compensation and Benefits Survey and receive a complimentary digital download of the full comprehensive survey report – a $2,500 value! The report includes submissions from over 300 companies; salary, bonus, incentives and benefits for up to 200 CRE positions; and data from more than 100,000 distinct jobs in the office/industrial, retail and residential property sectors. Complete the survey by April 30.
The disruption caused by COVID-19 has accelerated the blending of brick-and-mortar retail and logistics real estate. This has resulted in the emergence of a new hybrid store model – one that takes omnichannel strategies to the next level and promises to revolutionize the retail, industrial and logistics industries. In this webinar, speakers from CBRE will share their vision for a hybrid store that allows consumers to engage and purchase seamlessly in store and online across a wide range of retail categories and product lines. This new model will preserve the store experience for physical shopping while leveraging logistics capabilities for the fulfillment of online sales.
Speakers:
John Morris, Head of Industrial and Retail, CBRE
Andres Rodriquez, Senior Research Analyst, CBRE
We want your feedback on the NRBC Ordinance
The City of Charlotte’s Great Neighborhoods Committee is in the process of reviewing and evaluating the city’s current Non-Residential Building Code (NRBC) Ordinance and would like your feedback.
NAIOP has partnered with the Altus Group to offer NAIOP members a discounted price of $900. You will need a promo code to receive this special pricing on their website. Please contact the NAIOP Center for Education at [email protected] for the promo code.
This package includes eight eLearning courses, Certification Manual (eBook), three month Academic (Windows Compatible Only) ARGUS Enterprise License, Prep Exam and the ASC Exam. Upon successful completion of this exam, students will achieve certified status in ARGUS Enterprise.
Originally published by Mark Milligan for NAIOP's Winter 2020/2021 Issue
As the end of 2020 approaches, the commercial real estate industry continues to face uncertainty from the COVID-19 pandemic. Many companies have shifted to a work-from-home model where possible, with no clear timeline for bringing employees back to the office. The unpredictability created by COVID-19 is driving office tenants to stay as flexible as possible and increase their options — forgo renewing leases, subleasing their spaces, and delaying commitments wherever possible. That makes it challenging for commercial real estate professionals to secure buyers and tenants.
Date: April 7, 2021
Day/Time: 2-3 p.m. ET
Location: Virtual
Format: Webinar
What are the big legislative issues facing businesses in your market? NAIOP Developing Leaders from our Southwest chapters are invited to an exclusive program to hear from industry and legislative leaders on these pressing issues:
