Join us on Thursday, August 27th during the Industrial Space Demand: What the Latest NAIOP Forecast Tells Us Webinar at 2:00PMEDT.  Although industrial real estate has outperformed other commercial property types this year, thanks in part to rising e-commerce sales, unprecedented economic indicators suggest U.S. industrial space net absorption may decline to negative levels during the next three quarters. What factors contribute to this projected decline, when will it rebound, and what does it mean for the industrial real estate sector?

To identify linkages between overall economic activity and the demand for industrial real estate, forecast authors Dr. Hany Guirguis, professor, economics & finance, Manhattan College and Dr. Tim Savage, clinical assistant professor, NYU SPS Schack Institute of Real Estate, will walk us through the numbers, provide an overview of their forecasting process and engage in a live Q&A session with attendees.

Originally published by Ron Derven in NAIOP's Summer 2020 Issue.

During a pandemic, business-interruption insurance may not be a panacea.

As the COVID-19 crisis continues to affect the U.S., commercial property owners need to prepare for potential liability issues arising at their buildings, according to attorney George Pincus of Stearns Weaver Miller, P.A., in Fort Lauderdale, Florida, during a recent NAIOP webinar.

Originally published by Alan Joel for NAIOP on August 6, 2020.

The must-haves for the office of the near future may not be the same as they were six months ago. Since the COVID-19 pandemic has reshaped the way people live and work, every community has had to take stock of how their future office space and common area amenities can be safely occupied. As businesses across the country are in various stages of reopening, office real estate experts on opposite coasts shared how their clients are reimagining their office space.

Originally published by Trey Barrineau for NAIOP's Summer Issue.

Expanded sanitation processes and improved HVAC systems could become standard in the years ahead.

The coronavirus pandemic is forcing building owners and tenants to consider something they may not have given much thought to in the past — how clean their facilities really are.

Originally published by Shawn Moura, Ph.D., for NAIOP's Research Foundation in August 2020.

The coronavirus pandemic has had a broad impact on local economies across the U.S. and Canada. Mandatory closures and reduced consumer expenditures have impaired business operations across many industries, making it difficult for some commercial tenants to pay their rent on time and in full. Although less severely affected by the outbreak than hospitality or retail tenants, some office and industrial tenants have asked building owners for assistance in the form of rent abatements or deferrals. A small minority of these tenants have simply refused to pay rent.

Take a quick look at an opportunity to create your own personal advisory board. The National Forums brings together industry professionals in select groups to share deep industry knowledge, develop successful business strategies, and build long-term relationships. Learn from NAIOP members about their experiences and how they use their Forum to create impactful relationships for your business

Our Panelists

• (Moderator) Bennett Gray, Vice President, NAIOP Research Foundation and Forums 
• Tricia Noble, Ascentris (Industrial Development Forum) 
• Brian Richards, Beacon Partners (Capital Markets Forum)
• Pat Pierce, Selwyn Properties (Industrial Development Forum)

Click Here to Register

Originally published by Shawn Moura Ph.D. on August 3, 2020.

Last week, NAIOP conducted its fourth monthly survey of its U.S. members on the impacts of COVID-19. Since April, the association has examined the pandemic’s effects on conditions in commercial real estate and evaluates how firms have responded. The July survey results reveal that commercial real estate fundamentals are improving, but that the pandemic continues to impact development projects and appears likely to remain a significant challenge for longer than many had initially expected.

Originally published by Aquiles F. Suarez, Toby Burke , and Alex Ford for NAIOP's Summer 2020 Issue

Congress and the Federal Reserve took unprecedented action to shore up businesses, including commercial real estate.

As the COVID-19 pandemic began to shut down the economy, lawmakers in Washington responded, reaching agreements on several bills intended to help the country survive the economic chaos caused by the pandemic. Congress passed three relief bills in March, and the House passed a fourth bill in May that was headed for further negotiations with the Senate.

Originally published in NAIOP's Summer 2020 Issue By Michael Stewart

Many tenants need rent relief, but what are the best ways to go about providing it?

As state and local governments rolled out measures to prevent the spread of the novel coronavirus in March, commercial landlords began getting calls for help from tenants. In an environment where social distancing has taken hold and more customers are staying home, retailers and other consumer-facing businesses are feeling the impact of decreased demand, supply-chain interruptions, and in some cases, mandatory closures.

Originally published by Dustin C. Read, Ph.D./J.D., Associate Professor, Virginia Tech and Sam Kuprianov, undergraduate Real Estate major, Virginia Tech in July  2020

The NAIOP Research Foundation published a timely new research brief titled "Using Capital Improvements to Create Competitive Advantage in the COVID-19 Era," written by Dustin C. Read, Ph.D./J.D., Associate Professor, Virginia Tech and Sam Kuprianov, undergraduate Real Estate major, Virginia Tech.

 Originally published in the REBIC Newsletter on July 28th

The Town of Harrisburg kicked off its Unified Development Ordinance (UDO) update project on May 20, 2020, with a presentation by Kendig Keast Collaborative, the lead consultant on the project, to a joint Town Council and Planning and Zoning Board meeting. The UDO will contain contemporary zoning and development regulations in a format that is easily understood by Town Council, Town staff, residents, business leaders, and the development community.

Originally published in the REBIC Newsletter on July 28th

The City of Concord, with the assistance of Tindale Oliver, has been rewriting the Development Ordinance in an effort to align it with the adopted 2030 Land Use Plan.  The preliminary draft for new townhome regulations is now available for review. This proposed revision replaces Section 7.7.4.E.

Originally published on July 6, 2020 by NAIOP.

The NAIOP Research Foundation announces the appointment of three new Governors to join the Foundation’s 66 Governors. Individuals who demonstrate their commitment to the Foundation’s mission by making a substantial contribution to its endowment fund are invited to accept this lifetime distinction. The new Governors will be inducted at NAIOP’s CRE.Converge conference in October.

Originally published in NAIOP's Summer 2020 Issue by Ed Kimek, AIA, NCARB

The e-commerce giant understands how to connect products and consumers.

Commerce was changing before the outbreak of COVID-19, from the exponential trajectory of e-commerce, to the growth in consumer demand for more immediate goods, to the rise of urban industrial development to fulfill last-mile needs.

Join us on Monday, July 27th as we hear a panel of experts discuss the present state of lending from different lenders’ perspectives on the present commercial lending environment. Submit questions for the panel in advance here.

Panelists

The National Forums program brings together industry professionals in select groups to share industry knowledge, develop successful business strategies and build strong relationships in a confidential and non-competitive setting. Learn more about this unique opportunity and apply for appointment today. 

The Forums provide a unique opportunity for members to openly discuss project challenges, business opportunities and lessons-learned in a confidential and non-competitive setting. Over time, fellow members become a trusted circle of advisors.

The City of Charlotte Small business network is more than 10,000 strong.

Add your small business to the Open for Business directory to have your information displayed on the Open for Business website and receive notifications when new access to capital opportunities and resources are available.

Primary Markets, Gateway Cities, Tier 1 Metros – we’ve all heard of them, and many commercial real estate professionals use them to group cities and markets together. Are these terms simply describing the flow of capital, or directing investment away from opportunities in other cities? How do they differ for commercial, industrial or residential properties? This webinar will share takeaways from a recent report from the NAIOP Research Foundation and discuss conclusions on the definitions, uses, advantages and disadvantages of sorting and ranking markets into tiers.

Speakers: 
Maria Sicola
Co-founding Partner, Citystream Solutions

House lawmakers last week passed the INVEST in America Act (H.R. 2), a $1.5 trillion infrastructure bill that has been a key priority for Democrats since 2018. However, the bill advanced on a mostly party-line vote – with only a handful of members on either side breaking ranks – suggesting its prospects in the Republican-controlled Senate are likely dim. 

The chamber’s Majority Leader, Sen. Mitch McConnell (R-KY), later confirmed that sentiment, saying: “This so-called infrastructure bill would siphon billions in funding from actual infrastructure to funnel into climate change policies… It will just join the list of absurd House proposals that were only drawn up to show fealty to the radical left.” 

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Originally published on June 29, 2020 by Meredith Hobbs

The COVID-19 pandemic will set a “new normal” for the office workplace as companies adopt and integrate remote work practices deployed during the pandemic, according to a new report from Cushman & Wakefield. Consequently, it will morph from a single location to an “ecosystem of different locations and experiences.”

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