Originally published on Monday, November 2, 2020, by the Real Estate & Building Industry Coalition.
REBIC is seeking feedback from its members on the recently released City of Charlotte 2040 Plan, Tree Canopy Action Plan, and forthcoming Unified Development Ordinance.
Originally published by Ken Simonson in NAIOP's Fall 2020 Issue.
After more than six months of pandemic-related turmoil, there is no sign that the outlook is getting clearer for construction spending, labor, or materials cost and deliveries. Additionally, the back-pedaling in states that had reopened has made the uncertainty about the future even greater.
Negotiations on an economic stimulus bill remain at an impasse a week before the November U.S. presidential election, with both sides blaming the other for the lack of agreement. While saying in television interviews over the weekend that “I never give up hope,” Speaker of the House Nancy Pelosi’s comments made clear that Congress is still not close to agreement on a variety of issues. “They keep moving the goalposts. Every time they say we move the goalposts, that means they’re projecting what they did,” Pelosi went on to say. White House Chief of Staff Mark Meadows made a similar accusation in an earlier interview.
Originally published by Steve Weikal and James Robert Scott in October 2020 for NAIOP Research Foundation.
The rapid expansion of e-commerce sales has spurred demand for industrial real estate, including for large regional distribution centers and small fulfillment centers located in urban and suburban areas. The acceleration of delivery timelines has also reshaped industrial building interiors, as online retailers and third-party logistics firms have made substantial investments in new technologies such as collaborative robots and automated storage and retrieval systems. In addition to increasing the productivity and profitability of industrial assets, new technologies are also allowing retailers and building owners to add distribution uses to existing retail properties.
Originally published on October 16, 2020, for NAIOP Research Foundation.
Hear about the latest work of the NAIOP Research Foundation and meet its new governors.
Originally published by Trey Barrineau, Daniel Levison, Turner Levison for NAIOP 2020 Issue.
The COVID-19 pandemic has introduced a great deal of uncertainty into the commercial real estate industry. It has also forced CRE companies to come up with solutions to keep operations running when it’s not feasible for everyone to be in the office. That includes adopting new technologies and embracing remote work.
Originally published on October 19, 2020 by Sanjay Rishi for NAIOP.
As the greatest work-from-home experiment ever continues, many companies are starting to think beyond how and when their workforce will return to the office and tackling a much broader issue: what role the office will play in their corporate strategy going forward.
Originally published by Dan Spiegel for Commercial Property Executive on October 9, 2020.
The COVID-19 pandemic accelerated trends in our work and home lives that were already underway. For many office workers, employers that previously embraced some workplace flexibility, permitting employees to work from home on occasion, are now experimenting with full-time flexible models and rethinking the physical workplace.
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.
Originally published by Cairg Meyer and Rich Thompson for NAIOP's blog on October 5, 2020.
Investing in industrial real estate was never considered as attractive as office or retail in the past. However, this dynamic has changed, in large part, due to the growth of e-commerce. Investing in industrial real estate is red hot and the continued growth of consumer online shopping drives the need for additional warehouse space. Industrial real estate – including plants, warehouses and distribution facilities – has been the investment “asset class of choice” the past several years and demand is on the rise.
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.
