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E-Commerce Drives Industrial Development in Q4 2021

 

originally published by LUCIAN ALIXANDRESCU for NAIOP National

warehouse

After the initial shock of the pandemic, industrial real estate emerged as one of the asset classes least affected by the ensuing economic downturn. While the causes are multifaceted, the sudden spike in demand for products ordered and curbside pick-up meant that retailers — both online and brick-and-mortar — scrambled to secure the space they needed to fulfill the influx of new orders.

Read the Full Article Here!

City of Charlotte Elections Filing Opens Next Week

 

originally published by REBIC with permission to repost to NAIOP

#1) 2022 Elections: Filing Begins Next Week

Vote

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City Releases Easy to Understand Reference Guide of Unified Development Ordinance

 

originally published by City of Charlotte with permission to repost on NAIOP Charlotte

City of Charlotte Pic

City Releases Easy to Understand Reference Guide of Unified Development Ordinance

CHARLOTTE, N.C. (Nov. 24, 2021) – The City of Charlotte on Wednesday released an easy-to-understand reference guide of the first draft of the Unified Development Ordinance.

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Release of the Draft Comprehensive Transportation Review (CTR) Guidelines

 

The Charlotte Department of Transportation (CDOT) has released for public review and comment a draft of the Comprehensive Transportation Review (CTR) Guidelines. 

These guidelines are a key component to implementing the 2040 Plan and the Unified Development Ordinance (UDO).  As stakeholders and partners in the development of the UDO, we value your continued engagement, review, and input.

Why are they important?

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Charlotte Future 2040 Policy Map Survey

A special thanks to Elizabeth McMillan at Crescent Communities for sharing this information below.  Please pass along to your colleagues.

As a follow-up to the Charlotte Future 2040 Comprehensive Plan, the Charlotte Planning Department has moved into Part 2 of the implementation phase, the Charlotte Future 2040 Policy Map. This part of the process will translate the plan’s place-based policies to specific locations throughout the community.  The Planning Department has put out a survey to collect data and input from residents and professionals to help influence the Policy Map, which will help guide the UDO.

Please feel free to share this email with others in hopes that more of our voices can be heard.

Complete Survey

** The first page sets the stage for the previous work and gives an overview of the process, so may be helpful if you need a refresher.

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Important Government Affairs Update

Top 3 Items to Note:

  1. We are making significant progress on our efforts to identify and bring aboard a seasoned individual to provide additional eyes and ears on the ground in Iredell County and Cabarrus County.  More on that to come later this week.
  1. The City of Charlotte is seeking development/real estate representatives to serve on two advisory boards created by the passage of the policy section of the 2040 Comprehensive Plan.  It is essential we engage qualified and knowledgeable individuals to fill these positions.  We have an incredible opportunity here and I could use your help.  (Deadline is Friday, August 27th, details follow)
Charlotte Equitable Development Commission
The Charlotte Equitable Development Commission was created with the adoption of the Future Charlotte 2040 Comprehensive Plan by City Council resolution on June 21, 2021. The Commission is charged with advising in the assessment of infrastructure throughout the city and recommending strategies that balance equitable investments in areas most in need, including areas with absent and insufficient facilities, areas growing fastest, and areas targeted for growth. The Commission will work with the Office of Strategy and Budget to provide input on the development of the city’s proposed Capital Investment Plan. The Commission will provide regular updates to the Budget and Effectiveness Council Committee and quarterly reports to the entire Council.  The committee will consist of individuals with significant backgrounds in community development and infrastructure assessments. Examples of preferred experience shall include consulting engineers in the project development business; attorneys specializing in development; developers; independent business representatives; construction contractors; bankers or insurance agents engaged in the financial aspect of development; representatives from homebuilder's association; homeowners or neighborhood association representatives.
9 Members (3 appointments by Mayor, 6 appointments by City Council), Term Length – 3 years, 1 term
 
Charlotte’s Neighborhood Equity and Stabilization Commission (Charlotte’s NEST)
The City of Charlotte needs to address displacement caused by gentrification in a comprehensive, broad, and systematic, intentional manner. The recently adopted 2040 Comprehensive Plan includes the establishment of the Charlotte Neighborhood Equity and Stabilization Commission (Charlotte’s NEST). The City currently has an adopted Affordable Housing Framework coupled with a number of neighborhood programs that are used to address gentrification. However, the City desires to engage the community in developing additional strategies to limit displacement. Therefore, the Charlotte Neighborhood Equity and Stabilization Commission is established for a 3-year period and is charged with reviewing and recommending specific anti-displacement strategies and specific tools for protecting residents of moderate to high vulnerability of displacement. The Commission will make regular reports to the Great Neighborhood Council Committee, quarterly reports to the entire Council and provide recommendations for combatting displacement prior to the implementation of the Plan.
15 Members (5 appointments by Mayor, 10 appointments by City Council) who shall be appointed according to the following criteria:
- 3 appointees - Housing Advocates (1 appointed by Mayor, 2 appointed by Council)
- 3 appointees - Neighborhood Leaders or Community Organizers (1 appointed by Mayor, 2 appointed by Council)
- 3 appointees - Involved in the Real Estate Development Industry as specified below:
- Non-Profit Affordable Housing Developer (1 appointment by the Mayor)
- For Profit Affordable Housing Developer (1 appointment by the Council)
- Market Rate Housing Developer (1 appointment by the Council)
- 2 appointees - Residents who have experienced or are experiencing displacement (1 appointed by Mayor, 1 appointed by Council)
- 1 Urban Studies and Planning Representative with experience in displacement and gentrification and implementing equitable inclusive development strategies (1 appointment by the Mayor)
- 1 Housing Finance Representative with experience in rental housing finance and homeownership and affordable and subsidized housing (1 appointment by the Council)
- 1 Land Use Representative with expertise and experience in historic preservation and landmarks, zoning, and development rights (1 appointment by the Council)
- 1 appointee - Neighborhood Conditions Representative with expertise and experience in economic development, health, racial/ethnic segregation, schools and education and crime (1 appointment by the Council)
Term Length – 3 years, 1 term
 

For more information on the new advisory boards, please visit: https://charlottenc.gov/CityClerk/Pages/BoardsandCommissions.aspx

 

  1. The next phases of CLT Future 2040 (mapping and UDO) are underway –
    • Alan and I had our second monthly meeting with Taiwo and Alyson last Thursday.  As a result of that meeting, REBIC will be putting together a small group of design professionals that will meet with planning staff every two weeks (for as long as necessary) beginning a few days prior to the public release of the UDO on October 4th.  These meetings will allow REBIC representatives to provide feedback and to receive an immediate response, much earlier in the process, on elements of the proposed ordinance that could be problematic if implemented  It also allows us to be a cheerleader for those things in the UDO that help streamline the process and reduce development time frames.
    • Brenda Hayden will be joining Alan and me for the monthly meetings beginning in September.
    • A brief presentation containing the projected schedule for mapping/UDO is here.
  • Due to recent and higher than anticipated COVID infection rates, the Government Center has been closed to the public for the time being.

Forecast Office Absorption Surges to Positive Gains

 

originally published by NAIOP Research Foundation with permission to repost for NAIOP Charlotte

The NAIOP Office Space Demand Forecast

Forecast Absorption Surges to Positive Gains in Q4 and Beyond

The NAIOP Research Foundation has published the NAIOP Office Space Demand Forecast for Q4 2021.

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North Carolina Budget Update

 

originally published by REBIC with permission to repost through NAIOP Charlotte

State Seal PicThe North Carolina General Assembly released their long-awaited conference budget report on Monday. The budget, once approved by both chambers, will then be sent to the Governor. Today, Governor Cooper indicated he would sign the budget proposal.

The budget includes massive infrastructure investments. 

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Hybrid Goals? Reinventing the Office, Faster and Better Than Before

 

originally published by MICHAEL CASOLO for NAIOP National

Hybrid Office Pic

Workplace changes resulting from the COVID-19 pandemic are sweeping us forward into an era of hybrid work, giving businesses a historic opportunity to rewrite the workplace rulebook.

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Local Reliance on Property Tax Revenue

 

originally published by TOBY BURKE for NAIOP National

Taxes Pic

Every local government in the United States is required to operate under a balanced budget where incoming revenues equal outgoing expenditures. The National League of Cities has referred to these local budget as “political instrument(s)” that governs public policy priorities, funds government services, and programs, sets spending limitations, and establish a level of transparency and accountability in applying revenue.

Read the Full Article Here

NAIOP Commends Congress on Bipartisan Infrastructure Bill

 

NAIOP, the Commercial Real Estate Development Association, commends congressional lawmakers on the passage of the $1.2 trillion infrastructure package, which now moves to President Joe Biden for signature into law. 
 

A longtime priority issue for NAIOP members – the nation’s foremost owners, developers, and investors of office, industrial, retail, and other commercial real estate – the bills $550 billion in new federal investments in U.S. infrastructure will provide critical financial support for roads, bridges, rail and mass transit systems, as well as underlying water, energy, power, and broadband systems, among others. 
 

Investment in these transportation and infrastructure networks is essential to repairing and strengthening the supply chain. Included in the bill are $17 billion for port infrastructure and $25 billion for airports – critical funds that will help address facility deterioration, lower emissions through electrification and other low-carbon technologies, and reduce congestion near these heavily-trafficked areas.  
 


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Vacancy Rates at Less Than 15% and a Rise in Average U.S. Office Listing Rates

 

originally published by COMMERCIALEDGE TEAM for NAIOP National

Office Pic

The Delta variant of COVID-19 has continued to delay the return-to-work plans of many companies. Still, rising vaccination rates and declining case numbers have provided hope for many companies. Anyone worried about the future of office work can look at the continual investment of big tech into the industry to feel confident that offices are far from a thing of the past.

Read the Full Article Here!

Four Future Workplace Principles

 

originally published by  BRIELLE SCOTT for NAIOP National

Workplace Pic

In a recent NAIOP webinar, Mark Bryan, Certified Futurist and director of innovation and research, M+A Architects, addressed these questions, sharing some of the generational shifts his company has observed in the workforce and their potential impact on the built environment.

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Two for Tuesday - Redistricting Updates

 

originally published by REBIC with permission to repost on CRCBR.

Two for Tuesday - REBIC


 

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Shaping the Workplace: Generational Insights, Behavioral Predictions and Forecasts

 

originally published by Brielle Scott for NAIOP National

Office

It is critical to understand the key factors and takeaways that will shift life as we know it today, so the built environment can appropriately adapt and respond to life post-pandemic. 

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Emerging Trends 2022 Report: Flexibility, Resilience to Drive Commercial Real Estate for Next Decade

originally published by  in Features for REBusniess Onlin and reposted by NAIOP National.

WASHINGTON, D.C. — Flexibility, convenience, and ultimately commercial real estate’s resilience will drive the industry over the next decade as owners respond to and recover from the COVID-19 pandemic.

That’s according to Emerging Trends in Real Estate 2022, an annual report jointly produced by PwC US and the Urban Land Institute (ULI). The report includes proprietary data and insights from nearly 1,700 leading real estate industry experts, gathered both through in-person interviews and a survey.

Read the Full Article Here!

Pandemic, Shifting Markets Creating Risks, Opportunities for Capital Markets

originally published by JEFF ZBAR for NAIOP National

Capital Markets

While some assets in the real estate market have been jolted by pandemic-related fallout, some investors, managers, and property owners will look back on the COVID-19 era as the “golden era” of real estate investment.

While some sectors have struggled, like office and retail, certain sectors have seen tremendous growth. Managers with operational expertise with the right property type have found success.

Read the Full Article Here

Automation and Digital Transformation in CRE

originally published by  ROCHELLE BRODER-SINGER for NAIOP National

Tech Pictures

Commercial real estate and construction have been notoriously slow to adopt new technologies. But digital transformation is coming to the industry. At CRE Converge 2021 in Miami Beach, experts discussed how several new technologies are affecting developers, builders, and owners:

Reality capture

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City of Charlotte - Draft Policy Maps

 

This is a very busy time, but a time to be involved and aware of what is happening in Charlotte.  Yesterday (10/13), the City of Charlotte released a draft of the Policy Maps. 

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Two for Tuesday - First Draft of Charlotte UDO Released

originally published by REBIC with permission to repost on NAIOP

Two for Tuesday


 

#1) First Draft of Charlotte UDO Released

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