In January, NAIOP conducted its seventh survey of its U.S. members on the impacts of COVID-19. Since April, the association has examined the pandemic’s effects on commercial real estate and how firms have responded. The four months since the last survey witnessed significant events, including federal elections and the FDA approval of two highly effective coronavirus vaccines. Respondents to the survey report improved rent collection rates, an increase in industrial investment activity, and an improved outlook for employment in their firms. Fewer respondents now expect the pandemic will significantly affect their business operations for more than a year. However, respondents also report continued disruptions to ongoing development projects.

The survey was completed by 228 NAIOP members between January 19 and 22. Respondents represent a range of professions, including developers, building owners, building managers, brokers, lenders and investors.

Last week, the House of Representatives and Senate advanced measures that would allow the Biden administration to use the budget reconciliation process to pass a $1.9 trillion COVID-19 relief bill without facing a filibuster in the Senate. The House passed their version of the budget resolution last Wednesday, and then passed the Senate's version as amended later in the week. The Senate passed the budget resolution after holding a so-called "vote-a-rama," a series of lengthy votes on Republican amendments to the resolution. The Senate ultimately adopted the budget resolution by a 51-50 vote, with Vice President Kamala Harris casting the tiebreaking vote.

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Originally published by Trey Barrineau for NAIOP's Winter 2020/2021 Issue.

The COVID-19 pandemic and its impacts were major topics during the NAIOP Research Foundation’s National Research Directors Meeting in September.

The NAIOP Research Foundation held its National Research Directors Meeting in September ahead of CRE.Converge Virtual 2020. The meeting, which was conducted via Zoom because of the ongoing COVID-19 pandemic, brought together NAIOP’s Distinguished Fellows and research directors from national real estate brokerage, data and investment firms for a virtual discussion of current trends in office and industrial development, as well as the effects of the pandemic on the commercial real estate industry.

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.

Originally published on February 3, 2021, by Brielle Scott for NAIOP Research Foundation.

Many municipal approval processes tend to be opaque and provide developers with limited information.

Originally published by Will Parker on January 27, 2021 for Washington Street Journal.

A collapse in apartment rent collection during the pandemic is forging one of New York’s most unlikely political alliances.

Next week! Get a deep dive into the 2040 Comp Plan during this free Lunch with a Leader as we unwind the key areas of concern for the commercial real estate industry. The 2040 Comp Plan for the City of Charlotte will be the vision for our City, driving future growth and future policies for development. Larry Shaheen (The McIntosh Law Group) and Madeline Keeter (REBIC) will provide a brief background and overview of areas of concern for our industry. This is a perfect session to learn more so you can reach out to the City and elected officials with information about the impacts on commercial development. You are invited to submit questions in advance here.

Our Leaders

Madeline Keeter Government Affairs Manager REBIC			Jason Moore (Moderator) Business Development Rodger’s Builders			Larry Shaheen Attorney The McIntosh Law Firm

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.

The City of Concord is updating their UDO – Read more

Kannapolis is updating their UDO – Read more

The registration deadline is January 27

The deadline to register as a Mentee and have the opportunity to meet one-on-one with CRE industry leaders is next Wednesday! Register today to take advantage of this exclusive opportunity to make important connections and benefit from the knowledge, guidance, and ideas shared by our program mentors.

This year's program features 80+ available sessions (and counting!).

Originally published by Cameron M. Trefry, RA, LEED AP for NAIOP's Winter 2020/2021 Issue.

This sector of industrial was booming even before the pandemic, and future demand is expected to soar even higher.

In the age of one-hour package shipments, the infrastructure needed to serve a growing on-demand culture is scrambling to keep up. This has taken on even greater significance amid the COVID-19 pandemic, which forced millions to stay home for months.

Originally published by Linda Strowbridge on January 5, 2021, for NAIOP.org.

In “The Evolution of the Warehouse: Trends in Technology, Design, Development and Delivery,” authors Steve Weikal and James Robert Scott detail the industry advances, consumer trends and emerging technologies that are driving a rapidly growing sector. Although their work at the MIT Real Estate Innovation Lab regularly immerses both Weikal and Scott in the topic, working on the report by the NAIOP Research Foundation exposed them to a striking array of future business opportunities within the warehouse segment.

Originally published by Brielle Scott on January 12, 2021, for NAIOP.org.

In a recent webinar, the authors of the NAIOP Office Space Demand Forecast provided insights and data from the latest report covering the fourth quarter of 2020, including overall economic trends and factors influencing demand, and their predictions for when the office sector could recover in the wake of the COVID-19 pandemic.

Check out a newly added resource page with quick links to the 2040 Comp Plan, UDO, Charlotte Moves, and more. This evolving information will have a dramatic impact on the future of Charlotte’s commercial real estate development. NAIOP Charlotte continues to monitor and inform members about developments in these initiatives and members are encouraged to get involved and provide a voice for commercial real estate as these policies unfold.

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Register today for the opportunity to meet one-on-one with accomplished professionals in the CRE industry through this program that is exclusively for NAIOP Charlotte Developing Leaders. The deadline to register as a Mentee is January 27, 2021.

Your NAIOP membership must be renewed by the end of January otherwise you will be removed from the program.

Meet the Mentors!

Originally published NAIOP Fall 2020 Issue by Daniel Pessar.

Recent clarifications didn’t significantly change the law, but investors should be aware of these modifications.

The 2017 Tax Cuts and Jobs Act introduced tax benefits to incentivize investment in specially designated zones (Qualified Opportunity Zones, or QOZs) in all 50 states, the District of Columbia, and five U.S. territories. The Opportunity Zone laws generated buzz because, among other benefits, they allowed qualified projects held for at least 10 years to exclude capital gains upon sale.

A bipartisan group of senators unveiled details of their coronavirus relief package yesterday, representing lawmakers’ latest push to move an aid bill before year’s end. The proposal is comprised of two separate bills: the first contains roughly $750 billion for education, unemployment benefits, vaccine distribution, and other funds, while the second provides $160 billion in state and local aid, as well as liability protections for businesses. The latter provisions have proven contentious and were frequently cited as key reasons for holding up earlier negotiations. 

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Originally published on December 2, 2020, by NAIOP.

Recruiting and retaining top talent has become essential in today's highly competitive marketplace.

Originally published in REBIC's November 30, 2020 Newsletter.

Join the City of Charlotte on December 8th, 2020 for their next Ambassadors & Strategic Advisors Virtual Meeting. This meeting will further discuss the draft Charlotte Future 2040 Comprehensive Plan. As they enter Phase 4 of the planning process, your voice is more important than ever.