NAIOP is the nation’s leading trade organization representing the commercial real estate development industry including industrial, office, mixed-use, retail, multi-family, and related commercial real estate providers. NAIOP Charlotte Chapter offers opportunities for networking, education, advocacy and business exchange. Visit www.naiopcharlotte.org for more information.

 

 

 

 

 

 

 

 

 

We are proud to introduce our new association members.

 

NAIOP Charlotte is pleased to announce our 2018 Board of Directors.

 

NAIOP Charlotte had many great events in 2017. Check out photos from the Clay Shoot Tournament, Battle of the Bands, Connectivity Breakfast, Golf Tournament, and Annual Meeting.

 

We want your news! Send us updates on your company, job changes, new projects, etc. Send press releases and more information to [email protected].

 

 

 

A recent Advantage Series webinar helped members understand the implications of the new 2018 Tax Reform law, thanks to Crystal Christenson of the accounting firm Wipfli, LLC. Catch a recap on the Market Share blog and listen to the archived webinar.

 

Last week, the House of Representatives passed H.R. 620, a bill to improve the Americans with Disabilities Act (ADA) by reducing opportunities for people to file nuisance lawsuits under the law. The legislation, which allows property owners to fix any alleged violations while keeping penalties in place for businesses that remain in noncompliance, passed 225-192 and will now move to the Senate.

 

The federal budget deal signed by President Trump contains a number of wins for real estate, including a temporary extension of federal flood insurance and extension of tax provisions that include relief from debt forgiveness, the deductibility of mortgage insurance premiums, and several energy-efficiency related provisions.

 

 

Demand for U.S. industrial space is expected to remain robust and steady throughout 2018, with quarterly net absorption forecast to average 55.6 million square feet. This is higher than the 44.1 million square feet of actual net absorption, on average per quarter, recorded in 2017, but lower than the 60 million square feet of quarterly net absorption forecast six months ago.

 

With capacity challenges mounting in numerous basins across the City, Charlotte Water is taking steps to assure developers they’ll have the sewer taps for their projects when the need arises. Charlotte Water announced this week that it will now be extending its capacity reservations from 12 to 24 months, effective for all connection applications approved on or after January 1st, 2017. As a result, there will be no expiring capacity reservations for 2018.

 

The City of Charlotte is a little more than a year into a multi-year effort to draft a comprehensive Unified Development Ordinance (UDO), which will update the policies and regulations that guide land use and development in Charlotte. When finished, the UDO will combine zoning districts and development ordinances in a single document that should allow for more a streamlined regulatory process.