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.
NAIOP Charlotte would like to take a moment to send a special thank you to the companies whose support has allowed us to keep the conversations flowing and our members engaged during these unprecedented times. To learn more about each company, you can click on their logo or company name to visit their website.
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With the myriad of factors in today’s market, hear a panel of experts discussing the present state of lending and find out where we are in the course of this hurricane. Is it still battering us? Are we looking outside to see if it’s over? Are we starting to clean up? Submit questions for the panel in advance here.
Our Panelists
Members are free and non-members are $15 through today, July 22.
Beginning tomorrow, July 23, the registration fee will increase to $10 for members and $20 for non-members.
With the myriad of factors in today’s market, hear a panel of experts discussing the present state of lending from different lenders’ perspectives on the present commercial lending environment. Submit questions for the panel in advance here. Prior registration is required.
Our Panelists
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
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.”
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.”
Having—for the most part—quickly sheltered in place in March and April, office workers across the U.S. are slowly venturing back to their workplaces, according to a new weekly report from Kastle Systems International.
The Kastle Back to Work Barometer is an average based on millions of aggregated, anonymous daily building access data points from Kastle-secured properties in 10 major metro areas: Austin, Chicago, Dallas, Houston, Los Angeles, New York, Philadelphia, San Francisco, San Jose and Washington.
Originally published in Summer 2020 Issue by Shawn Moura, Ph.D., Trey Barrineau
Fears of contracting the coronavirus, government bans on public gatherings, mandatory closures of nonessential businesses and social distancing measures pose ongoing challenges to the retail and hospitality sectors. Many stores have been forced to temporarily close their doors in response to government mandates or in reaction to sharp declines in foot traffic.
Originally published by NAIOP Charlotte
“The virus’ macroeconomic impact is now quite visible in U.S. data,” according to the Q2 2020 NAIOP Office Space Demand Forecast. “Since March 2020, COVID-19 has markedly altered the U.S. macroeconomic landscape as states issued stay-at-home orders designed to limit the spread of the disease. Workers across multiple industries are staying home, and it is unclear how or when they will return their workplaces. Due to the turmoil in the national economy, rising unemployment and continued uncertainty about future work arrangements, the U.S. office market absorption is forecast to decline into negative territory through the second quarter of 2021.”
The office sector appears to be less vulnerable to disruptions associated with the coronavirus pandemic than retail or hospitality, but it’s not entirely immune to an economic downturn — or the acceleration of changes in the ways people have been working during the crisis.
Mandatory closures and other social distancing measures have taken a toll on firms that are closely tied to the consumer economy, such as the British airline Flybe, which went bankrupt in March after travel bookings plummeted in the wake of the coronavirus pandemic. Businesses that cannot conduct most of their business remotely are also in peril. On the other hand, many companies have learned that they can run their operations without anyone physically in the office, a trend that has the potential to depress demand for traditional office leases.
NAIOP is offering all on-demand courses absolutely free to all members through August 1. No code is required. Members can log in with their member ID to see complimentary pricing.
Please note: The ARGUS Software Certification (ASC) - Enterprise Bundle is excluded from this promotion.
Originally published in June 2020 by Shawn Moura, Ph.D., Director of Research, NAIOP
Last week, the Trump administration’s Waters of the U.S. – or “WOTUS” – rule went into effect. The new regulation, which defines the scope of federal jurisdiction over streams, rivers and other bodies of water, largely replaces the broader Obama-era rule. NAIOP weighed in on a draft proposal more than a year ago, and in January complimented the Environmental Protection Agency and Army Corps of Engineers on developing a final rule that appropriately balances conservation and economic development.
Originally published in June 2020 by Shawn Moura, Ph.D., Director of Research, NAIOP
Owners of buildings that have been partially or entirely vacated during the outbreak need to complete several tasks to ensure that buildings are clean, safe and in good working order before reopening.
Are you currently in a Tier 1, Tier 2 or Tier 3 market? Or perhaps a gateway city, a 16-hour city or a secondary market? Are you sure?
Tier models rank metropolitan real estate markets based on their investment potential or growth characteristics. But different analysts use different methodologies and rank markets differently as a result. Adding to the potential for confusion, analysts often adopt different terminologies to describe markets and may create separate rankings for different property types or different audiences.
