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 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 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 for NAIOP National

NAIOP is again partnering with CEL & Associates, Inc. to compile the 2022 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 33 consecutive years.

This valuable survey is the national standard allowing commercial real estate businesses to stay current on salaries, bonuses and benefits for CRE professionals from executives to entry-level positions. Each company that responds to the survey will receive a complimentary electronic copy of the full comprehensive survey report – a $2,750 value!

originally published by Emil Malizia, Ph.D., CRE for NAIOP Research Foundation

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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 originally published by MARIE RUFF for NAIOP National with permission to repost

“Whether you are in a leadership role or not, you are a leader,” said Leah Brown, Certified Dare to Lead™ facilitator, in a members-only webinar this week presented by Trammell Crow Company. You may be a leader in your industry, your family, your community, or elsewhere. What defines leadership is “trying to show up as our very best self and bring others along with us,” she said.

originally published by JEFF POLLAK, MANAGING PRINCIPAL, STREETSENSE for Building Design & Construction Network and shred by NAIOP National

originally published by GARY TASMAN for NAIOP National with permission to repost. 

Part one of this series began with a discussion on inflation and interest rates, and how we anticipate these factors will influence leasing and development in our market. As we continue the new year with the expectation of slowing economic growth and continued high inflation, we want to take a closer look at how the current economy will influence our working habits — and how commercial property trends will change as a result.

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originally published by MICHAEL CASOLO for NAIOP National with permission to repost.

The right design may be the key to achieving the flexible, experiential physical workplace of the future – but it’s only half the battle. Even the most flawless blueprint requires seamless construction delivery to unlock its maximum potential.

originally published by Brian Lewandowski, Jacob Dubbert, Michael P. Kercheval, Ph.D., and Richard Wobbekind, Ph.D. with permission to repost.

Development and construction of new commercial real estate in the United States – office, industrial, warehouse, and retail – generates significant economic growth at the state and national levels. This annual study, “The Economic Impacts of Commercial Real Estate, 2022 U.S. Edition,” published by the NAIOP Research Foundation, measures the contribution to GDP, salaries and wages generated and jobs supported from the development and operations of commercial real estate.

originally published by JEFF JANICEK AND JASON UTAH for NAIOP National with permission to repost. 

Lab sciences are one of the most talked-about sectors in real estate right now – but how can a traditional office building owner court these companies as tenants? By understanding what lab sciences leaders look for in potential lab and office space, commercial real estate owners can determine whether their buildings might be prime candidates for this dynamic market.

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originally posted by REBIC for Two for Tuesday with permission to repost

Starting 15 February 2022, Land Development application permits submitted will have to comply with NCIFC 507.1 and 507.5.1. for hydrant spacing. Hydrant spacing to sprinkler system FDC, (both NFPA 13 and 13R) will have to be within 200’ of truck travel to the respected fire hydrant.

originally published by GARY TASMAN for NAIOP National with permission to repost. 

originally published by BRIELLE SCOTT for NAIOP National with permission to repot. 

Adaptive reuse projects can often be a high-risk, high-reward proposition, as aging or obsolete assets bring their own set of unique challenges for developers hoping to revitalize or reposition a property for new uses.

originally published by MELISSA PLASKONOS for NAIOP National with permission to repost.

Often in large development projects, design and construction teams focus on completing the building for the occupants’ short-term needs – about five years out from completion. Yet modern buildings have the potential to reach a lifespan of 30-50 years before requiring major renovations, according to Getty Conservation Institute. As climate change worsens and building resiliency becomes more top of mind for building owners and investors, a more forward-thinking approach to development is necessary.

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originally published by VALERIE MAISLIN for NAIOP National with permission to repost.

Building on the NAIOP Research Foundation’s recent study, The Development Approvals Index: A New Tool to Evaluate Local Approvals Processes, several NAIOP chapters and George Mason University have collected data on development approvals across the United States and Canada.