Vision 2023: Annual Report

Originally published on January 31, 2023, by NAIOP E-Newsletter.

NAIOP is your forward-thinking partner committed to working alongside our members to build your knowledge, advance your career and protect your business.

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NAIOP: Commercial Real Estate Vital to the Overall Economy; Industrial Sector Leads, and Retail Stages a Comeback

Originally published on January 26, 2023 by Kathryn Hamilton for NAIOP E-Newsletter. 

The impact of new commercial real estate development in the U.S. continues to grow, according to the annual Economic Impacts of Commercial Real Estate research study conducted by the NAIOP Research Foundation.

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Bringing Wellness to the Industrial Workplace

Originally published on January 20, 2023 by Brielle Scott for E-Newsletter.

Wellness in the workplace – it’s a buzzy phrase we hear often in reference to office buildings, but when it comes to the industrial and manufacturing facilities that are ubiquitous to us, what kind of wellness features would we find inside?

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NAIOP Insights: ESG Essentials for Commercial Real Estate

Originally published on January 19, 2023 for NAIOP E-Newsletter.

ESG is emerging as a hot topic for businesses and commercial real estate development in particular. To stay ahead, developers can embrace standards to set their projects up for success. Learn how smart building technologies, tax and state incentive programs, and setting measurable goals as companies establish their ESG practices can support this evolving initiative.

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Return to the Hill: CL&LR 2023

Originally published on January 18, 2023 by Aquiles Suarez for NAIOP E-Newsletter.

In less than two weeks – and for the first time since February 2020 and the start of the COVID-19 pandemic – NAIOP members and chapter local executives will be headed to Capitol Hill to meet with their elected representatives, senators and congressional staff. In so doing, they will be taking the opportunity to establish relationships with newly elected members of Congress, renew and deepen existing ties with incumbents, and talk to their elected officials about issues important to the commercial real estate industry.

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What a Way for Congress to Start the Year

Originally published on January 4, 2023, by Aquiles Suarez for NAIOP E-Newsletter.

A word that has been repeatedly used to describe the workings of Congress is “chaos.” So why should we expect things to change just because it’s a new year? The spectacle put on by the new Republican majority in the House of Representatives trying to choose a speaker this week clearly shows that nothing will be a sure thing in this Congress.

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Meet Kim Snyder, 2023 NAIOP Chair

Originally published on January 3, 2023 by NAIOP E-Newsletter.

“NAIOP has done a great job of recruiting the best of the best in our business to get involved,” said Snyder in a message to NAIOP members. “It shows a commitment, it shows a dedication to our industry, that you don't see every day. So, I'm super excited about this coming year and working with all the volunteers and helping to guide the outcomes to a positive place.”

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What Will 2023 Bring for CRE?

Originally published on December 27, 2022 for NAIOP E-Newsletter by Ed Finkel.

As the calendar turns to 2023, what’s ahead for the commercial real estate field? We talked to several NAIOP Distinguished Fellows and Research Foundation Governors to get their forecasts for the next 12 months.

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CommercialEdge: Office Vacancy Rates Rise Nationwide in 2022

Originally published on December 19, 2022 by Eliza Theiss for NAIOP E-Newsletter.

Although many in the industry had assumed that the office market would stabilize in 2022 –  and perhaps even begin to recover pandemic losses – this stabilization did not occur. Rather, wider economic changes; repeated interest rate increases by the Federal Reserve; the further establishment of work-from-home and remote office arrangements; and increasing numbers of office footprint reductions by businesses caused vacancy rates to continue to rise throughout the year. At the same time, rent growth remained patchy.

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State Election Successes for Both Political Parties in 2022

Originally published on December 14, 2022 by Toby Burke for NAIOP E-Newsletter.

While the primary focus of the national media during the 2022 election may have been on a potential “red wave” for control of the U.S. Senate and House of Representatives, there were over 6,200 state legislative races in 46 states according to the National Conference of State Legislatures. The outcomes of these state races significantly impact core policy issues of importance for commercial real estate, such as taxes, regulations and economic development. Generally, political pundits may conclude that the status quo was maintained in this election cycle, with Republicans remaining in political control in a majority of state legislatures and Democrats making modest but significant gains in a few.

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Congress Continues Funding Discussions as Deadline Approaches

Originally published by NAIOP E-Newsletter on December 13, 2022. 

Senate budget negotiators were at an impasse last week with a Dec. 16 deadline looming for passing a spending measure that would keep the government funded. Indications are that bipartisan negotiations will continue, however, after Democrats delayed introducing their own partisan omnibus funding legislation. Senate Appropriations Committee Chairman Patrick Leahy (D-VT), the lead Senate negotiator, stated that he was holding off the introduction of an omnibus appropriations bill because progress in bipartisan talks had been made over the weekend.

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What's old is new: Why you should consider adaptive reuse

Originally published on December 9, 2022, by Mike Cavanaugh and Scott Waddell for BDCNetwork.com

While new construction allows for incredible levels of customization, there’s no denying that new buildings can have adverse impacts on the climate, budgets, schedules, and even the cultural and historic fabrics of communities. While any responsible architect will design buildings to minimize these impacts, there is no avoiding them entirely.

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NAIOP Expects Growing Weakness in Office Demand

Originally published by Mark Heschmeyer on December 12, 2022, for CoStar News.

Any increase in a key measure of office demand in 2023 isn’t likely to occur, according to the latest projections from the commercial real estate association, NAIOP.

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Chapter Leadership and Legislative Retreat 2023

Chapter Leadership & Legislative Retreat

 

Date: Monday, January 30, 2023 - Wednesday, February 1, 2023

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2023 Board of Directors

Executive Committee 

President
Steve McClure
The Spectrum Companies
President-Elect
Dan Melvin
LandDesign
Secretary
Ken Jonmaire
Trinity Capital Advisors
Treasurer
Bobbi Jo Lazarus
Elliott Davis
Immediate Past President
Welch Liles
Asana Partners
Past President
Pat Pierce
Selwyn Property Group


Directors At-Large 

Director At Large
Todd Summerfield
ProLogis 
Director At Large
Larry Shaheen
McIntosh Law 
Director At Large
Paxton Hollar
SunCap 
Director At Large
Alyson Craig
City of Charlotte 
Director At Large
Sagar Rathie
Crescent Communities 
Director At Large
Mary Katherine Stukes
Moore & Van Allen 
Director At Large
Nick Matus
Bank of America 
Director At Large
Elise Falls
Childress Klein 
Director At Large
Caleb Phillips
Brasfield & Gorrie 
Director At Large
Maggie Houston
Beacon Partners 

 

Ex-Officio

Ex-Officio
Kip Womack
UNC Charlotte
CKP Center for Real Estate 
Ex-Officio
Rob Nanfelt
REBIC 
Ex-Officio
Pat Pierce
Selwyn Property Group
(National Board Liaison) 

 

Committee Chairs

Coming soon!

New Report: Office Absorption Will Continue to Slow into 2023 Amid Economic Uncertainty

Originally published in NAIOP Research Foundation's Fourth Quarter 2022 Report. 

Absorption Will Continue to Slow into 2023 Amid Economic Uncertainty

The NAIOP Research Foundation has published the NAIOP Office Space Demand Forecast for Q4 2022.

Key Takeaways:

  • Office market vacancy rates rose to 17.1% in the third quarter of 2022 as the completion of new space outstripped net absorption. This marks the highest vacancy rate since the third quarter of 1993.
  • Class A buildings continue to outperform the rest of the sector as tenants migrate to spaces that offer more flexible layouts and modern amenities.
  • Leading economic indicators and an inverted yield curve point to the growing risks of a recession in 2023. Occupiers are growing more cautious, opting to sublease space, and choosing smaller footprints when leases come up for renewal.
  • Given these trends, net office space absorption in 2023 is forecast to slow to only 8.1 million square feet for the full year, following an absorption of 7.1 million square feet in the fourth quarter of 2022.
  • Absorption is forecast to rebound in the first three quarters of 2024 to a total of 13.3 million square feet.

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C-PACE Financing Finds Solid Footing in the Capital Stack

Originally published in NAIOP Development Magazine Fall 2022 Issue by Mansoor Ghori.

This rapidly growing alternative funding method can help developers meet a wide range of goals.

New financing vehicles can take time to achieve market acceptance, but with more than $3 billion in transactions since its inception more than 10 years ago, Commercial Property-Assessed Clean Energy (C-PACE) funding is now a go-to green finance alternative for many owners, investors, and developers.

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Achieve Peak Operational Efficiency in Warehouse Design

Originally  published on November 15, 2022, by NAIOP.

NAIOP’s valuable 60-page e-book, “Rules of Thumb for Distribution/Warehouse Facilities Design, Second Edition,” allows you to gain a step up in today’s competitive marketplace. The e-book includes detailed instructions and diagrams on everything from site planning to floor slabs. Members save 50% off the list price!

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New Report: The Role of Data Analytics in CRE Siting, Design and Valuation

Originally published in October 2022, by Clifford A. Lipscomb, Ph.D., MRICS for NAIOP.

Industries are rapidly evolving as business processes grow more interconnected and automated. Data and analytics play an important role in information technologies and their interaction with the physical world, including emerging fields such as artificial intelligence, the Internet of Things (IoT), and virtual and augmented reality. Although commercial real estate (CRE) has been slower than other industries to adopt data analytics, some firms have identified several ways that data analytics can support land and building development and contribute to better project outcomes.

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Congress Begins Lame Duck Session After Surprise Midterms

Members of Congress returned this week after midterm elections delivered results surprising both political parties. With President Joe Biden’s approval ratings hovering in the mid-40% range and inflation as the top issue for a plurality of voters, there was widespread expectation that the Republican party would easily regain the majority in the House of Representatives and possibly the Senate.

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