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Construction Sites Build a Circular Economy

Genesis Marina

 Phase 3 Real Estate Partners’ Genesis Marina, a 550,000-square-foot life science development south of San Francisco, is the nation’s first precertified TRUE zero-waste project. Photo courtesy of Phase 3 Real Estate Partners

 

By NAIOP Development writer Alice Devine

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Class A Buildings Push Office Market Stabilization

Office market vacancy rates kept surging for the 10th straight quarter to start 2022, according to the NAIOP Research Foundation. The group recently published its Office Space Demand Forecast for Q2 2022. You can read the full report here
Office building
The group boasted that Class A buildings are key in many parts of the country, bolstering net absorption rates in areas like the Sun Belt. These work spaces are key in brining in skilled employees. The group said "suburban markets and life sciences hubs are recovering better than the national average as more employers embrace a return to the office and the pandemic eases."

Other key takeaways mentioned 

  • Leasing activity is up year over year, which signals that firms are more comfortable making longer-term commitments to office space. Property owners have been willing to offer greater tenant improvements to encourage signing, indicating that tenants still have the upper hand in lease negotiations. These signals indicate a move toward a more stable equilibrium as the office market finds its balance.
     
  • Given these trends and signs of a slowing – but still growing – economy, net office space absorption in the remaining three quarters of 2022 is forecast to be 46.9 million square feet, essentially unchanged from the previous forecast for these quarters (46.6 million square feet).
     
  • Total net absorption in 2023 is forecast to be 47.3 million square feet, with an additional 6.5 million square feet absorbed in the first quarter of 2024.

Strategic Mobility Plan Out Thursday


UDO graphic

Thursday will mark the release of the Strategic Mobility Plan (SMP) draft. The public can access the May 19 meeting at this link.

The SMP’s goal is to shape the mobility future for the City of Charlotte and expand on the “Safe and Equitable Mobility” goal of the Charlotte Future 2040 Comprehensive Plan (2040 Plan). The SMP dives deeper into the mobility policies of 2040 Plan to achieve a safe, connected, equitable, sustainable, prosperous, and innovative mobility vision for Charlotte. To learn more, follow this link to the Strategic Mobility Plan homepage.

SMP Virtual Engagement Sessions will be live on Thursday, May 26 (6 p.m.) and Tuesday, May 31 (noon). Meeting links will be available by visiting charlottenc.gov/smp.


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Reimagining the Post-pandemic Office

 

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

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Employers Continue Return-to-office Plans, Resulting in a 1.2% Increase in Office Listing Rates Year-Over-Year

 

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

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A Conversation with the 2022 NAIOP Chair

 

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

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Ports to Trucks: Overcoming Supply Chain Challenges

 

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

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Commercial Real Estate’s Opportunity to Design a New Era of Human Experience

 

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

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A Compelling Argument for More Solar in CRE

 

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

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A 1980s-Era Office Park is Reborn as Multifamily Housing

 

originally published by Mark Rivers for NAIOP National

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NAIOP Insights: Future-proof Workplace in a Post-pandemic World

 

originally published for NAIOP National

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The Drive for Transportation Electrification

 

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

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Cold Storage: Demand, Design and Drivers

 

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

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Charlotte Future 2040 Policy Map - RECOMMENDED FINAL DRAFT

 

originally published by City of Charlotte and shared with NAIOP. 

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NAIOP I.CON Preview: What’s Ahead for the Industrial Market?

 

originally published by Connect CRE and shared with NAIOP National

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A New, Turbulent Era for Real Estate Supply Chains

 

originally published by  for Propmodo and shared with NAIOP National

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Seeing Past the Pandemic: Industrial Demand and U.S. Seaports

 

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

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Medical Office Buildings Remain Resilient Amid National Vacancy Trends

 

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

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Industrial Real Estate Opportunities in U.S. First-Mile Markets

 

originally published by TJ Parker for NAIOP Research and Publications

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New Uses for Office Buildings: Life Science, Medical and Multifamily Conversions

 

 

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