Originally published for the Wall Street Journal by Inti Pacheco on October 6, 2020.
The coronavirus pandemic accelerated a major shift in the retail industry. Traffic to stores evaporated. Online credit-card transactions soared. E-commerce sales in the second quarter rose by 44.5% compared with the same period in 2019 and they now make up 16% of all U.S. retail sales, according to the Commerce Department.
The Real Estate and Building Industry Coalition (REBIC) has released the 2020 General Election Voter Guide. Make sure you know where to vote early! Find your local polling place with the North Carolina State Board of Elections and download the voter guide by clicking the image below.
Originally published on October 2, 2020, by Shawn Moura, Ph.D. for NAIOP.
Last week, NAIOP conducted its sixth monthly 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. Respondents to the survey report continued, gradual improvement in deal activity, but also indicate that the coronavirus is having a more pronounced effect on ongoing development projects than in prior months. In addition, more building owners are responding to the outbreak by offering tenants a broader range of rent relief arrangements and by increasing building safety precautions.
Originally published by Rob Derven in the NAIOP Fall 2020 Issue.
Cool, transit-rich urban office projects of the future and their suburban counterparts will offer tenant-attracting amenities and design, but what may actually close the deal will be the safety, health, and wellness features of the building. That’s according to recent interviews with office developers/owners who are on the front lines of making their projects safe places to work.
Originally published by Stephen S. Fuller Ph.D. for NAIOP on October 2020.
The NAIOP Research Foundation commissioned Steve Fuller, Ph.D., professor emeritus at George Mason University, to undertake a study of the 2020 mid-year economy and how second quarter shocks may influence commercial real estate development in the future.
Originally published by Brielle Scott for NAIOP on September 30, 2020.
In a recent keynote at the CORFAC International Virtual Fall Summit, Curtis Spencer, president of IMS Worldwide, discussed the rapidly evolving trends that are affecting all sectors of commercial real estate, including supply chain shifts, increasing demand for cold storage, reshoring and more.
Originally published in October 5, 2020, Real Estate & Building Industry Coalition Newsletter.
Originally published in October 5, 2020, Real Estate & Building Industry Coalition Newsletter.
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Originally published in October 5, 2020, Real Estate & Building Industry Coalition Newsletter.
REGISTER TO VOTE— https://www.ncsbe.gov/registering
Originally published on September 29, 2020, by NAIOP E-Newsletter
U.S. lawmakers came to an agreement last week on a short-term spending bill to keep the government funded through Dec. 11. The stopgap measure was passed by the House last Tuesday and is expected to be cleared by the Senate and signed by President Donald Trump this week. The bill ensures the government will not be shut down come to the Oct. 1 deadline, the start of the new fiscal year. But its expiration date also sets up a likely fight over funding in the lame-duck congressional session following the November elections.
Originally published by Ron Derven in NAIOP's Fall 2020 Issue
The cover story features NAIOP’s 2020 Developer of the Year, Kilroy Realty Corporation, and explores the office of the future, the industrial sector post-COVID, construction trends, notable deals and developments, and more. Read the full issue online or download a PDF version to browse anywhere.
Originally published by Henry D'Esposito on September 24, 2020.
In 2019, private construction spending had slowed in the U.S. for the first time since the last recession. Then, at the beginning of 2020, construction was growing at a slow, steady pace. Suddenly, the COVID-19 pandemic hit, creating instability across markets and property types.
Originally published by Gail Kalinoski on September 25, 2020.
The study expects office sector recovery to be slow, but employment will eventually help spur improvements in absorption, vacancy, and rental rates.
Originally published by Kelsi Maree Borland on September 28, 2020.
Outdoor shopping centers continue to be the preferred retail experience for consumers. By the end of August, consumer traffic was down only 24.6% at outdoor shopping malls compared to pre-pandemic foot traffic, according to research from Placer.ai. This is a significant recovery from March and April when outdoor foot traffic was down nearly 100%. Indoor malls have not fared as well. The same report shows that indoor mall foo traffic, while also vastly improved from March and April, is still down 37.2% from pre-pandemic levels.
Originally published by Trey Barrineau on September 22, 2020 in tNAIOP Summer 2020 E-Newsletter.
The COVID-19 crisis shut down many businesses, reducing cash flows for building owners, and creating challenges in paying mortgages. Lenders are offering forbearance agreements and other loan modifications to borrowers so they can avoid defaults, but what is involved? Development magazine details important advice for borrowers who own buildings where tenants are in trouble.
As COVID continues to take a toll on the world, come learn about real estate repurposing, relocating people and companies, reshoring, remote everything, robots, ROI, and rising risk during this virtual event on the state of the economy and gain insight into what it will now look like over the next couple of years. Submit questions in advance here.
Ted Abernathy is the Managing Partner of Economic Leadership LLC, a consultancy that is currently working in more than a dozen states to develop economic and workforce strategies. Ted has 35 years of experience in directing economic development and workforce development programs. From 2008-2013, Ted was the Executive Director of the Southern Growth Policies Board, a 42-year old public policy think tank that provided economic development research, strategy, and marketing advice, to states and communities across the South. He also served as an economic development policy advisor to the Southern Governors Association. Read More.
The purpose of this study is to guide women, Black, indigenous and people of color (BIPOC) and other diverse groups of people striving to advance their careers in the industry, inform companies and managers about the values and priorities of their employees, and enhance the research and data for organizations that desire greater diversity, equity and inclusion (DEI).
This project, in partnership with the MIT Center for Real Estate, is made possible by Capital One Commercial Banking, CREW Network Industry Research Program Partner and leading underwriter of the 2020 study.
Originally published by Nate Berg for FastCompany.com on September 10, 2020.
With the pandemic placing a large question mark over the future of offices and commercial buildings, two leaders in the world of commercial real estate are making a pivot that could show how the industry might adapt. They’re betting that the future of office real estate lies in not just selling the office space, but designing and building it, too.
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The City of Charlotte recognizes the importance of its tree canopy – the area of Charlotte covered by the shade of trees when viewed from above – to residents. The City also understands the proven benefits trees provide, including improving air and water quality, reducing the effects of pollutants, and providing shade and beautification.
