Originally published by NAIOP Research Foundation on February 22, 2021.
Strong Growth in Demand for Industrial Space
The NAIOP Research Foundation has published the NAIOP Industrial Space Demand Forecast or Q1 2021.
Key Takeaways
Originally published by NAIOP Research Foundation on February 22, 2021.
Strong Growth in Demand for Industrial Space
The NAIOP Research Foundation has published the NAIOP Industrial Space Demand Forecast or Q1 2021.
Key Takeaways
Originally published in NAIOP E-Newsletter on February 2, 2021.
Watch NAIOP's State of the Association hear a recap of 2020, preview NAIOP's legislative priorities, and learn what’s next for the association as we journey through 2021.
The last 12 months have been filled with unexpected challenges and a pandemic none of us could have imagined. It impacted our lives and our industry in countless ways, from how we operate our businesses to tenant demand and use of space.
We anticipate a steady readjustment to a post-pandemic world, with a deep examination of how office, industrial, retail, and other shared spaces will be reimagined. These changes can be viewed as opportunities. The CRE industry continues to modernize and adapt as we create new strategies that will help us succeed.
North Carolina is the #8 state in the U.S. for contributions to state GDP created by retail/entertainment real estate development. Overall, the construction and development of office, industrial, warehouse, and retail created and supported 67,041 related jobs and contributing $8.99 billion to the state’s economy in 2020 (the most recent data available).
The data is from “Economic Impacts of Commercial Real Estate, 2021 U.S. Edition,” published annually by the NAIOP Research Foundation.
New development and ongoing operations of existing commercial real estate buildings in the United States – office, industrial, warehouse, and retail – generates significant economic growth at the national level:
“Many factors point to a commercial real estate rebound in 2021,” said Thomas J. Bisacquino, president and CEO of NAIOP. “Obviously, we dealt with several unknowns and unexpected challenges in 2020. The pandemic accelerated trends already progressing in real estate. The warehouse sector has flourished as e-commerce demand intensified; office space has been impacted by tenant demand, as remote work options expand and companies rethink space needs; and the retail sector struggled as shoppers preferred to buy online. Nonetheless, commercial real estate construction and development sectors remain solid, valuable contributors to the U.S. economy, and we have a bright future as the economy continues to improve.”
Originally published by the NAIOP Research Foundation on February 3, 2021.
The NAIOP Research Foundation has published its annual Economic Impacts of Commercial Real Estate, 2021 U.S. Edition.
Commercial real estate development and operation of existing buildings generated the following economic benefits in 2020:
Key measures impacting economic growth in 2021 include:
Originally published on behalf of NAIOP Research Foundation on November 19, 2020.
The NAIOP Research Foundation has published the NAIOP Office Space Demand Forecast for Q4 2020.
Key Takeaways:
Originally published by Marc Stiles on November 5, 2020, for Puget Sound Business Journal
The tech-fueled evolution of industrial real estate is creating opportunities for underused assets, large and small. The possibilities seem almost endless.
Originally published on November 17, 2020 in NAIOP's E-Newsletter.
The new 2020 NAIOP/CEL Commercial Real Estate Compensation and Benefits Reports are now available for purchase online. Each includes salary, bonus, incentives, and benefits for up to 200 positions, and data from 100,000 distinct jobs in the office/industrial, retail and residential property sectors. Data is sortable by company size, type, specialization and more.
Originally published on November 10, 2020, by NAIOP Source Weekly E-News.
Is your 2021 salary and bonus package competitive? Find out with the 2020 NAIOP/CEL Commercial Real Estate Compensation and Benefits Reports.
These valuable reports enable commercial real estate businesses to stay current on salaries, bonuses, and benefits for CRE professionals from executives to entry-level positions.
The reports include:
Join us on Monday, July 27th as we hear a panel of experts discuss the present state of lending from different lenders’ perspectives on the present commercial lending environment. Submit questions for the panel in advance here.
Panelists
Registration
Registration for members will be free and $15 for non-members through July 22. Beginning July 23, the registration fee will increase to $10 for members and $20 for non-members. Prior registration is required.
Primary Markets, Gateway Cities, Tier 1 Metros – we’ve all heard of them, and many commercial real estate professionals use them to group cities and markets together. Are these terms simply describing the flow of capital, or directing investment away from opportunities in other cities? How do they differ for commercial, industrial or residential properties? This webinar will share takeaways from a recent report from the NAIOP Research Foundation and discuss conclusions on the definitions, uses, advantages and disadvantages of sorting and ranking markets into tiers.
Speakers:
Maria Sicola
Co-founding Partner, Citystream Solutions
Charles Warren, Ph.D.
Co-founding Partner, Citystream Solutions
Megan Weiner
Managing and Co-founding Partner, Citystream Solutions
The NAIOP Research Foundation has published the NAIOP Office Space Demand Forecast for Q2 2020.
Key Takeaways:
NAIOP is again partnering with CEL & Associates, Inc. to compile the 2020 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 31 consecutive years.
Complete the survey by Friday, April 24th.
Join NAIOP Charlotte on Tuesday, March 24th at 2-2:30 p.m. ET for The Advantage Series is an exclusive member benefit, delivering expert insights into the latest research to help you make informed business decisions.
Repercussions from the ongoing COVID-19 pandemic are far-reaching and still quite unknown, but one thing is for certain: the impact on commercial real estate will be substantial. A week ago, CRE fundamentals were solid; will that improve our recovery timeline? What do experts see for the potential future of the industry? How do you recognize a deal today, and know whether it’s better to act quickly or hold? The questions are numerous, and NAIOP is here with guidance to support you today and get you thinking ahead for tomorrow. Have a question for our speakers? Submit it now.
Speakers:
Larry Lance, Executive Vice President-Asset Services, EverWest Real Estate Investors, and 2020 NAIOP Chairman
Al Pontius, National Director of Office & Industrial, Marcus & Millichap
John Chang, National Director of Research Services, Marcus & Millichap
Originally published in February 2020 by Hany Guirguis, Ph.D., Manhattan College and Timothy Savage, Ph.D., New York University
The NAIOP Industrial Space Demand Forecast is based on a predictive model that forecasts demand for industrial space at the national level on a quarterly basis for eight consecutive quarters.
It utilizes variables that comprise the entire supply chain and lead the demand for space, including varying measures of employment, GDP, exports and imports, and air, rail and shipping data.
Leading indicators that factor heavily into the model include the Federal Reserve Board’s Index of Manufacturing Output (IMO), the Purchasing Managers Index (PMI) from the Institute for Supply Management (ISM) and net absorption data from CBRE Econometric Advisors.
Posted on December 6, 2019
The NAIOP Research Foundation has published the NAIOP Office Space Demand Forecast for Q4 2019.
Firms might slow their expansion plans in 2020, reducing the need for new office space, in reaction to overall fears of a slowdown. Still, most measures of consumer health, including wage growth, job growth and consumption expenditures, remain strong.
Posted on November 25, 2019
By
When Research Triangle Park in North Carolina opened in 1959, its bucolic setting was considered a major selling point. With office buildings hidden behind grassy meadows and swaths of pine forest, the quiet development was viewed as a perfect spot for the thinkers who went to work at companies like IBM and RTI International.
Posted on November 15, 2019
The NAIOP Sentiment Index is designed to predict general conditions in the commercial real estate industry over the next 12 months. The forecast is not based on an analysis of historical data, but rather it represents a look into the future by real estate developers, investors, operators and brokers. These NAIOP members are asked to respond to questions based on their ongoing work, including projects in their pipelines. For more information, see Understanding the Index.
Posted on October 7, 2019
The NAIOP Research Foundation has published a new report titled "Profiles in the Evolution of Suburban Office Parks," by Dustin C. Read, Ph.D./J.D.
The author interviewed five developers who have recently updated suburban office parks in the United States and Canada to learn how they made these properties relevant for today's market.
Key Takeaways:
Posted on October 1, 2019
By Shawn Moura
In recent years, builders have faced a shortage of workers that has only grown more acute amid increasing demand for construction and record-low unemployment. Many of the 2.2 million construction workers who lost their jobs during the last recession either retired or found employment in other industries. At the same time, fewer new workers are taking their place because millennials are less attracted to careers in construction than past generations. Workers under the age of 25 make up only 9.0% of the construction workforce in the United States versus 12.3% of the nation’s overall workforce, according to data from the Bureau of Labor Statistics.
A report published by the NAIOP Research Foundation in July , “Addressing the Workforce Skills Gap in Construction and CRE-related Trades,” examines how employers are partnering with local communities in innovative training and recruitment programs to boost the supply of skilled construction workers in both urban and rural areas.