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Charlotte is one of the nation’s fastest-growing cities, built amid diverse areas and unique neighborhoods, with families and people who recognize the qualities of a dynamic city. This growth, however, presents both challenges and opportunities alike. Due to this, the city is considering a plan that will guide this growth over the next several decades. This plan will directly affect every Charlotte citizen, both current and future, making it important you pay attention to this critical policy guide.
Over the past few months, you may have heard mentions of a “Charlotte 2040 Comprehensive Plan,” yet, the majority of Charlotte’s citizens have no idea what this is, much less what it means for our city.
Originally published on May 7, 2021, by the Building Design + Construction Network
Construction employment was unchanged from March to April as nonresidential contractors and home builders alike struggled to obtain materials and find enough workers, according to an analysis by the Associated General Contractors of America of government data released today. Association officials said the industry’s recovery was being hampered by problems getting stable prices and reliable deliveries of key materials, while the pandemic and federal policies were making it harder for firms to find workers to hire.
Originally published by Alice Devine for the NAIOP Spring 2021 Issue.
In Spokane’s University District, education meets industry in a 1.2-square-mile area adjacent to the city’s downtown. In this urban laboratory of sorts — populated by five of Washington state’s major universities, two medical schools and community colleges — students and nearby businesses enjoy a cluster of mutual benefits.
Originally published on April 26, 2021 by Linda Strowbridge for NAIOP E-Newsletter.
Despite its traditional roots, construction has started to transform into a digital industry. Building information modeling, geospatial technologies, prefabrication and modular construction, drone services, augmented-reality wearables and other technologies are increasingly becoming a larger and more crucial part of successful, efficient, profitable construction projects.
Originally published on April 29, 2021, by Kathryn Hamilton for NAIOP.
Thinking of packing suitcase, grabbing your laptop and setting up shop in a new locale? You’re in good company! One-fifth of adults in the U.S. moved during COVID-19 or know someone who did, says Pew Research, whether for health and safety reasons, or simply because the space demands of full-time work from home increased the urgency for more square footage.
Originally published on April 20, 2021, by Erin Goff for NAIOP.
Colorado legislators are poised to introduce what is being referred to by proponents as the “Energy Performance in Buildings Act of 2021.” The draft bill, which mandates energy benchmarking and performance standards, requires owners of most commercial, multifamily and public buildings over 50,000 square feet to collect and report the building’s energy use to the Colorado Energy Office (CEO). The building will then be given an Energy Star score compared to other buildings. By 2026, owners of buildings that do not meet a certain score must make improvements that lead to a 15-point Energy Star score increase, a 15% energy use intensity reduction, or other options. Failure to reach energy reduction mandates will result in hefty civil penalties for commercial and multifamily building owners. Buildings exempt from the penalty provision include buildings owned by the state, municipalities, counties, special districts, school districts and state institutions of higher education.
Originally published on April 13, 2021, by Roger Heerema and Dan Elkins for NAIOP.
Effective workplace design has never been about simply making an office look nice; it’s about supporting and inspiring those who will move within and around it. Now, a historic pandemic is highlighting a new opportunity for flourishing companies whose space needs have changed: To invest in build- or redevelop-to-suit design projects that enable them to manage the health and wellness aspects of their space – during a time when both are paramount.
Originally published in NAIOP's Spring 2021 Issue by Shawn Anderton.
Advanced work packaging (AWP) is a project management method that can improve efficiencies for capital project construction. While standard project management systems bring in construction stakeholders close to the execution stage, AWP is construction-driven and involves stakeholders during preconstruction. This allows for early alignment between engineering, construction management and construction execution.
Originally published on April 15, 2021 by Kathryn Hamilton for NAIOP.com.
Employees – office workers, in particular – have firm expectations about returning to the workplace as vaccines become more widely available and companies begin bringing the team back together. At the top of their wish lists: hybrid work schedules, says start-up workforce platform Envoy’s Return to the Workplace report.
Originally published on April 19, 2021, by Larry Getlen for CommercialObserver.com.
Clockworks Analytics makes building software that, among other benefits, helps to build owners optimize energy performance and improve indoor air quality.
Originally published on April 19, 2021 by Eric Butterman for WealthManagement.com.
Even amid a pandemic, the construction pipeline for data centers in the U.S. has kept growing. While in 2019, 4.92 million Rentable Building Area (RBA) sq. ft. of data centers were built and renovated, according to CoStar Advisory Service, last year the figure rose to 6.78 RBA million sq. ft. The planned pipeline for 2021 is now at 7.66 million RBA sq. ft. The CoStar data “largely includes properties under construction, but maybe missing renovations of existing space as research continues to investigate these,” notes Juan Arias, senior consultant with the CoStar Group.
Originally published by Marta Soncodi for NAIOP's Spring 2021 Issue.
Investing in smart building technology may not be seen as a priority after commercial real estate investments were hit especially hard in 2020. However, if improving tenant experience was being considered before the pandemic, it’s now an imperative.
Originally published by Brent Carroll for NAIOP's Spring 2021 Issue.
For residents of a certain age in Portland, Oregon, the phrase “meet me under the clock” meant the clock on the main floor of the Meier & Frank department store, which first opened nearly 150 years ago. The 16-story terracotta landmark building at 555 Southwest Morrison Street encompasses an entire city block near Pioneer Courthouse Square, widely known as “Portland’s living room.”
Originally published on April 9, 2021 by Brielle Scott for NAIOP Blog.
The disruption caused by COVID-19 has accelerated the blending of brick-and-mortar retail and logistics real estate. This has resulted in the emergence of a new hybrid store model – one that takes omnichannel strategies to the next level and promises to revolutionize the retail, industrial and logistics industries.
Originally published by Gary Tasman on March 30, 2021, for NAIOP.com.
If nothing else, 2020 taught us that we can all adapt to changing conditions and learn how to navigate through radical shifts in how we function day-to-day. This is the case not only for individuals and families but also for businesses. Millions of business owners and managers were forced to radically reinvent their business models to remain solvent during the COVID-19 crisis. This is especially true of the restaurant industry, which is rapidly accelerating new and pre-existing trends.
In January 2020, representatives from the Charlotte Regional Transportation Planning Organization (CRTPO) publicly launched Beyond 77, a project focused on improving travel along the I-77 Corridor from Statesville, N.C. to Rock Hill, S.C. To date, over 19,000 surveys have been completed in an effort to prioritize transportation alternatives for the area. In early April, the third and final public engagement phase kicked off, where participants are asked to weigh in on potential solutions. Residents who live, work or travel through this region are encouraged to participate in the study by visiting Beyond77.com and taking a brief survey.
For those who want to hear directly from the planning team, representatives from the Beyond 77 study will be hosting two Virtual Public Meetings on April 21 and May 13 from noon to 1 p.m.
Originally published on March 3, 2021, by Kathryn Hamilton for NAIOP.org.
NAIOP is again partnering with CEL & Associates, Inc. to compile the 2021 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 32 consecutive years.
Thank you to our many members who showed up to speak at the virtual public hearing on the draft Charlotte Future 2040 Plan. Mayor Lyles announced that the vote will be pushed to June 28,2021 to allow for more public input. We look forward to continuing to work with members of City Council and planning staff to assist in completion of the plan.
As part of the continued request for public input, the City of Charlotte has scheduled the first three virtual town halls.
Originally published by Andrew McCoy, Ph.D., and Amin Yeganeh, Ph.D. in March 2021 for NAIOP's Research Foundation.
The construction industry has historically been slow to develop or adopt new technologies, resulting in productivity growth that has lagged other sectors. However, protracted labor shortages have increased demand for labor and time-saving technologies, and recent advances have given rise to a new generation of more efficient, flexible and adaptive construction technologies. Successfully adopting these new technologies will require that firms evaluate their costs, benefits and risks and update construction practices as needed.
