originally published by KATHRYN HAMILTON, CAE for NAIOP National with permission to share:

How we think about work and the workplace going forward has changed, explains Kristin Jensen, AIA, principal, and co-managing director, Gensler, in a new video. “Work” and “place” have been decoupled, and work can happen anywhere. Cubicle rows and private offices are replaced by open spaces and shared workstations used by different employees depending on the day of the week.

originally published by IRINA LUPA for NAIOP National with permission to share:

Now that pandemic regulations have expired across the U.S., many companies are calling employees back to work. In the meantime, return-to-office techniques have changed dramatically in the last year, thereby ushering in a new era for the sector. In particular, the emergence of hybrid work arrangements has contributed to an increase in demand for high-quality office assets and has already widened the rate difference across classes in several markets.

originally published by KATHRYN HAMILTON, CAE for NAIOP National with permission to share:

In the Spring issue of Development magazine, I shared some of my views on NAIOP’s value to our members and what I’m looking forward to as the 2022 Chair. As I wrote that column, I found I had much more to say than space allowed! So, I’m sharing a bit more of the conversation with our Market Share blog readers. If you already haven’t, I’d invite you to read the At Closing column in the Spring issue of the magazine.

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originally pusblished by KATHRYN HAMILTON, CAE  for NAIOP National with permission to share:

originally published by JANET POGUE MCLAURIN, AIA, FIIDA, NCIDQ, LEED AP  for NAIOP National with permission to share:

originally published by BRIELLE SCOTT for NAIOP National with permission to share

Environmental, Social, and Governance mandates (ESG) are becoming a reality not only in large enterprise businesses but also in their entire supply chains. Forces from upstream as well as downstream, combined with pressure from stockholders, stakeholders, employees, and customers, are ushering in a new era where ESG practices are no longer considered optional.

As Charlotte strives for a UDO, what can we learn from Raleigh? Hear a discussion with public and private perspectives about the process, transition and implementation.

originally published for NAIOP National

The challenges of the pandemic are changing how we think about work and the workplace going forward. "Work" and "place" have been decoupled, and work can happen anywhere.

originally published by Mark Rivers for NAIOP National

The future was bleak for Park Center, a 566,000-square-foot, three-building Class B- office park in Alexandria, Virginia, when it came to market in 2016. The property consisted of two 14-story office towers and one four-story building, half of which was occupied by a full-service fitness center. 

originally published by TOBY BURKE for NAIOP National with permission to repost. 

Governments at every level are considering polices to reduce greenhouse gas emissions from both stationary and mobile sources as part of efforts to address climate change. Some of these efforts have centered on initiatives to lowering domestic use on fossil fuels, such as coal, petroleum, natural gas and oil, by moving towards electric vehicles within our transportation system. According to the U.S. Environmental Protection Agency, the transportation sector is one of the highest sources of greenhouse gas emissions (29%) followed by electricity (25%).

originally published by  KATHRYN HAMILTON, CAE for NAIOP National with permission to repost. 

The need for cold storage facilities has exploded as e-commerce sales and grocery delivery demands multiplied during the last few years. Most cold storage facilities primarily handle food preparation or transit as products move toward consumers, but they can also be used for pharmaceutical, floral and chemical needs, among others, and frequently require varying temperature zones all under one roof.

originally published by City of Charlotte and shared with NAIOP. 

Dear Charlotte Future 2040 Partners,

originally published by Connect CRE and shared with NAIOP National

The COVID-19 pandemic changed all our worlds two years ago this month when full-scale shutdowns weighed heavily on the economy and Americans recalibrated their approaches to work and life. Since then, industrial real estate has continued to shine as commercial real estate’s darling – fueled by soaring demand, rising rental rates, and record levels of investment and development activity.

Industrial real estate professionals from across North America will gather in Long Beach, California, on March 23-24, for NAIOP’s industrial conference. Keynote session panelist Dwight Merriman, Partner and Head of Industrial in the Real Estate Group of Ares Management Corporation, sat down with Connect CRE to preview his keynote session: an executive outlook on the future of industrial real estate.

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originally published by Nick Pipitone for Propmodo and shared with NAIOP National

If we’re looking at the effects of the broken supply chain on commercial real estate, it’s best to start at the beginning. And it all begins with the onset of the pandemic and its impact on manufacturers. Michigan Maple Block Company is a good example. On March 24, 2020, the Michigan Maple Block Company furloughed most of its 56 workers at its plant in Petoskey, Michigan.

originally published by REBIC with permission to repost

Important reminder that the comment period for the first draft of Charlotte’s proposed Unified Development Ordinance (UDO) closes at the end of the day on Friday, March 18th. We anticipate the next draft being released sometime in May and have encouraged a number of changes aimed at providing greater certainty with reduced timelines, more flexibility for challenging projects, and the ability to develop and produce additional housing stock to meet existing and future demands. We hope you will take the time to share your concerns with Planning Staff through the available online comment portal.

originally published by REBIC with permission to prepost

Primary Elections are just around the corner! The time is now to do your research and get involved. As a reminder, the Election schedule is as follows:

originally published by Brian Harper, Director of Data Science, Avison Young, and Aaron Ahlburn, Innovation Lead, Global Logistics, Avison Young for the NAIOP Research Foundation

Supply chain disruptions have never been more salient to the average consumer. Congested seaports have received particular attention as record levels of inventory have piled up at ports and ships have been stuck offshore waiting to unload. While low levels of vacancy indicate robust current demand for industrial assets, developers, investors and building owners may wonder how closely industrial demand is tied to port activity and whether the current boom is sustainable.

originally published by TOBY BURKE for NAIOP National with permission to repost

Most state governments have emerged from the pandemic-induced economic slowdown with budgetary surpluses because projected revenue losses did not occur.  Losses in tax collections from certain sectors of the economy, such as restaurants, hospitality and entertainment, were offset by the collection of sales taxes from increased internet transactions, along with the $193.5 billion to states under the American Rescue Plan Act of 2021. The State Expenditure Report from the National Association of State Budget Officers notes that, while state expenditures have increased, so have revenues by 12.8% for fiscal year.

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originally published by IRINA LUPA for NAIOP National with permission to repost

As two tumultuous years closed for the office sector and return-to-office plans were upended by new variants and case surges, millions of workers remained in remote or mostly remote setups. And, while the average office vacancy rate climbed across top U.S. markets, one segment continues to show resiliency: medical office buildings (MOBs).

originally published by TJ Parker for NAIOP Research and Publications

Industrial remains the darling of commercial real estate during the current cycle. Investor enthusiasm has remained strong, with total returns as measured by the National Council of Real Estate Investment Fiduciaries (NCREIF) in double-digit territory over the past cycle and demand showing no signs of slowing, especially as supply chain issues remain a crucial consideration for businesses and real estate developers. While last-mile industrial has been the focus of much of this investment, first-mile industrial is starting to attract attention. 

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