Filtered by category: Industry Clear Filter

NAIOP: Commercial Real Estate Vital to the Overall Economy; Industrial Sector Leads, and Retail Stages a Comeback

Originally published on January 26, 2023 by Kathryn Hamilton for NAIOP E-Newsletter. 

The impact of new commercial real estate development in the U.S. continues to grow, according to the annual Economic Impacts of Commercial Real Estate research study conducted by the NAIOP Research Foundation.

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Bringing Wellness to the Industrial Workplace

Originally published on January 20, 2023 by Brielle Scott for E-Newsletter.

Wellness in the workplace – it’s a buzzy phrase we hear often in reference to office buildings, but when it comes to the industrial and manufacturing facilities that are ubiquitous to us, what kind of wellness features would we find inside?

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NAIOP Insights: ESG Essentials for Commercial Real Estate

Originally published on January 19, 2023 for NAIOP E-Newsletter.

ESG is emerging as a hot topic for businesses and commercial real estate development in particular. To stay ahead, developers can embrace standards to set their projects up for success. Learn how smart building technologies, tax and state incentive programs, and setting measurable goals as companies establish their ESG practices can support this evolving initiative.

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What Will 2023 Bring for CRE?

Originally published on December 27, 2022 for NAIOP E-Newsletter by Ed Finkel.

As the calendar turns to 2023, what’s ahead for the commercial real estate field? We talked to several NAIOP Distinguished Fellows and Research Foundation Governors to get their forecasts for the next 12 months.

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CommercialEdge: Office Vacancy Rates Rise Nationwide in 2022

Originally published on December 19, 2022 by Eliza Theiss for NAIOP E-Newsletter.

Although many in the industry had assumed that the office market would stabilize in 2022 –  and perhaps even begin to recover pandemic losses – this stabilization did not occur. Rather, wider economic changes; repeated interest rate increases by the Federal Reserve; the further establishment of work-from-home and remote office arrangements; and increasing numbers of office footprint reductions by businesses caused vacancy rates to continue to rise throughout the year. At the same time, rent growth remained patchy.

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What's old is new: Why you should consider adaptive reuse

Originally published on December 9, 2022, by Mike Cavanaugh and Scott Waddell for BDCNetwork.com

While new construction allows for incredible levels of customization, there’s no denying that new buildings can have adverse impacts on the climate, budgets, schedules, and even the cultural and historic fabrics of communities. While any responsible architect will design buildings to minimize these impacts, there is no avoiding them entirely.

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NAIOP Expects Growing Weakness in Office Demand

Originally published by Mark Heschmeyer on December 12, 2022, for CoStar News.

Any increase in a key measure of office demand in 2023 isn’t likely to occur, according to the latest projections from the commercial real estate association, NAIOP.

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New Report: Office Absorption Will Continue to Slow into 2023 Amid Economic Uncertainty

Originally published in NAIOP Research Foundation's Fourth Quarter 2022 Report. 

Absorption Will Continue to Slow into 2023 Amid Economic Uncertainty

The NAIOP Research Foundation has published the NAIOP Office Space Demand Forecast for Q4 2022.

Key Takeaways:

  • Office market vacancy rates rose to 17.1% in the third quarter of 2022 as the completion of new space outstripped net absorption. This marks the highest vacancy rate since the third quarter of 1993.
  • Class A buildings continue to outperform the rest of the sector as tenants migrate to spaces that offer more flexible layouts and modern amenities.
  • Leading economic indicators and an inverted yield curve point to the growing risks of a recession in 2023. Occupiers are growing more cautious, opting to sublease space, and choosing smaller footprints when leases come up for renewal.
  • Given these trends, net office space absorption in 2023 is forecast to slow to only 8.1 million square feet for the full year, following an absorption of 7.1 million square feet in the fourth quarter of 2022.
  • Absorption is forecast to rebound in the first three quarters of 2024 to a total of 13.3 million square feet.

View Full Report

A Busy Day for the Charlotte City Council

On Monday, November 7th, the Charlotte City Council held a marathon day of meetings.  Two of the committees held discussions on topics of significant interest to the real estate industry.  To catch up on anything you may have missed, please click on the information links below:

Transportation, Planning, and Development CommitteeAgendaVideo

(Presentations)

Housing, Safety, and Community Committee - AgendaVideo

(Presentations)

Is This the Month You Earn Your Certificate?

Students receive credit towards earning their certificate through core classes presented by the NAIOP Center for Education. So whether you want to enhance the value of your current career track or to increase your credibility in transitioning to a new career goal or area of interest, consider the professional benefits and competitive edge you'll gain by earning your NAIOP Certificate of Advanced Study.

Commercial real estate professionals wanting to advance their careers by earning their certificate can focus their efforts on either the development or finance tracks by pursuing a Certificate of Advanced Study in Commercial Real Estate Development or a Certificate of Advanced Study in Real Estate Finance.

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C-PACE Financing Finds Solid Footing in the Capital Stack

Originally published in NAIOP Development Magazine Fall 2022 Issue by Mansoor Ghori.

This rapidly growing alternative funding method can help developers meet a wide range of goals.

New financing vehicles can take time to achieve market acceptance, but with more than $3 billion in transactions since its inception more than 10 years ago, Commercial Property-Assessed Clean Energy (C-PACE) funding is now a go-to green finance alternative for many owners, investors, and developers.

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New Report: The Role of Data Analytics in CRE Siting, Design and Valuation

Originally published in October 2022, by Clifford A. Lipscomb, Ph.D., MRICS for NAIOP.

Industries are rapidly evolving as business processes grow more interconnected and automated. Data and analytics play an important role in information technologies and their interaction with the physical world, including emerging fields such as artificial intelligence, the Internet of Things (IoT), and virtual and augmented reality. Although commercial real estate (CRE) has been slower than other industries to adopt data analytics, some firms have identified several ways that data analytics can support land and building development and contribute to better project outcomes.

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Achieve Peak Operational Efficiency in Warehouse Design

Originally  published on November 15, 2022, by NAIOP.

NAIOP’s valuable 60-page e-book, “Rules of Thumb for Distribution/Warehouse Facilities Design, Second Edition,” allows you to gain a step up in today’s competitive marketplace. The e-book includes detailed instructions and diagrams on everything from site planning to floor slabs. Members save 50% off the list price!

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IRS and Treasury Introduce Regulatory Plan

Originally published on November 8, 2022, for NAIOP E-Newsletter.

While most of the political establishment in the nation’s capital is focused on the midterm congressional elections, federal agency staff are still moving forward on developing regulations from legislation enacted this year. The U.S. Department of the Treasury and the Internal Revenue Service last Friday issued their Priority Guidance Plan for 2022-2023, detailing their top regulatory priorities for the next year.

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Exploring the Role of Data Analytics in Siting, Design and Valuation Decisions

Originally published in The Role of Data Analytics in Commercial Real Estate Siting, Design and Valuation Decisions by Clifford A. Lipscomb, Ph.D., MRICS in October 2022.

Industries are rapidly evolving as business processes grow more interconnected and automated. Data and analytics play an important role in information technologies and their interaction with the physical world, including emerging fields such as artificial intelligence, the Internet of Things (IoT), and virtual and augmented reality. Although commercial real estate (CRE) has been slower than other industries to adopt data analytics, some firms have identified several ways that data analytics can support land and building development and contribute to better project outcomes.

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2022 NAIOP/CEL CRE Compensation and Benefits Reports Now Available!

Is your 2023 salary and bonus package competitive? Find out with the 2022 NAIOP/CEL Commercial Real Estate Compensation and Benefits Reports. These valuable reports (either Office/Industrial-Retail or Office/Industrial-Retail-Residential) enable commercial real estate businesses to stay current on salaries, bonuses, and benefits for CRE professionals from executive to entry-level positions.

The report includes:

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A 1950s-Era Mall Turned Inside Out

Originally published in the Fall 2022 Issue of NAIOP's Development Magazine by Patrick Finucan, Sam Bennett, and David Kitchens.

To compete with the rise of e-commerce, traditional shopping malls are evolving to stay relevant and offer experiences that can’t be found online. Recognizing the central location of most malls, more owners are executing major redevelopments of these aging monoliths, transforming them into compelling, destination-worthy mixed-use environments that reflect the needs and wants of the communities they serve. 

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State of Housing 2022 Summit

State of Housing 2022 Summit 
Tuesday, November 15, 2022, at 2:00 pm

In-person at The Dubois Center at UNC Charlotte Center City or via Zoom

The summit, in its fourth year, brings developers, government officials, and community stakeholders together for an exclusive first look at the "2022 State of Housing in Charlotte Report," which details:

  • A comprehensive inventory of the current housing stock
  • An analysis of housing affordability across all income levels
  • A high-level comparison of the Charlotte regional housing market
  • A comprehensive look at owner-occupied, rental, and subsidized housing in the eight-county Charlotte region
  • How the market has changed since the first State of Housing Report in 2019
  • How house price growth rates have fared during and after the COVID-19 pandemic
  • A long-term view of the dynamics of the housing market over the last two decades

Event Schedule

2:00 - 3:00 pm – 2022 State of Housing Presentation
  • Dr. Yongqiang Chu, Director of the Childress Klein Center for Real Estate, will present the 2022 State of Housing in Charlotte Report
  • Q&A with Dr. Chu
3:10 - 4:00 pm – Panel Discussion
  • Scott Wilkerson, Chief Investment Officer, Gingko Residential, LLC
  • Mark Boyce, Founding Partner, True Homes
  • Brenda Hayden, Realtor®/Broker with Keller Williams, 2022 Chair of the Real Estate & Building Industry Coalition
4:00 - 4:45 pm – Networking Reception
REGISTER NOW

Vacancies on Charlotte Boards and Commissions

Numerous vacancies remain on several Charlotte City Council-appointed Boards and Commissions.  

  • The recent vacancy notice lists positions for which the City Council will make nominations and appointments in 2022.  Please take note of application deadlines and dates projected for nominations and appointments.
  • Any additional positions will be added to this list as they arise.  Please subscribe to NotifyMe to receive notices of new vacancies.
  • Applications are available online at charlottenc.gov/clerk or by clicking here.
  • Applications remain active for one year from the submission date.
  • Applicants will be notified when appointed.
  • Please visit the Boards & Commissions webpage to view more details about each board and commission and their meeting times and locations.  Please review the necessary qualifications for each board, as well as attendance and code of ethics requirements.
  • All applicants must be residents of Mecklenburg County.
  • Appointees serve voluntarily without compensation.
Questions? Contact Boards & Commissions at 704-336-7494 or [email protected].

Downtown Huntersville Plan 2022

Previous planning studies related to the Downtown include the 2006 Downtown Master Plan and the 2040 Community Plan.  The 2022 Downtown Plan will both update the 2006 Plan and follow adopted 2040 Plan policies and action priorities.  The Plan will be reviewed by the Huntersville Planning Board and eventually considered for adoption by the Huntersville Town Board of Commissioners. 

The most recent public forum was held on October 20th with about 80 people attending.  The presentation links are listed here for your review:

Once you have had a chance to view the presentation, please complete the survey which will be open until Monday, October 31st at 5:00 PM. 

For additional details about the plan please visit:

Let's Plan Huntersville