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Economic Impacts of Commercial Real Estate, 2022 U.S. Edition

 

originally published by Brian Lewandowski, Jacob Dubbert, Michael P. Kercheval, Ph.D., and Richard Wobbekind, Ph.D. with permission to repost.

NAIOP Economic Pic

Development and construction of new commercial real estate in the United States – office, industrial, warehouse, and retail – generates significant economic growth at the state and national levels. This annual study, “The Economic Impacts of Commercial Real Estate, 2022 U.S. Edition,” published by the NAIOP Research Foundation, measures the contribution to GDP, salaries and wages generated and jobs supported from the development and operations of commercial real estate.

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Register for Tuesday's Special Webinar: Larry Sabato's Crystal Ball

Sabato Webinar

Political analyst Larry Sabato, Ph.D., will give his up-to-the-minute update on politics in this engaging and informative webinar. He will discuss today's political landscape, the midterm elections, and what we can expect Congress and the Biden administration to focus on moving forward.  

Sabato is a New York Times bestselling author, recipient of four Emmy awards, and one of the nation’s most respected political analysts.

A Rhodes Scholar, Sabato is the founder and director of the University of Virginia’s Center for Politics and has had visiting appointments at Oxford and Cambridge universities in England.

State Advocacy Essential for NAIOP Chapters in 2022

 

originally published by TOBY BURKE for NAIOP National with permission to repost. 

Wooden State Pic

As the new year begins, lawmakers will begin returning to their chambers to discuss and debate numerous pieces of legislation. Congress is currently focused on President Joe Biden’s Build Back Better initiative and voting rights legislation, but conventional wisdom suggests that passage of meaningful, nonpartisan legislation will remain a challenge during an election year.

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Could Your Building Help Meet the Soaring Demand for Lab Space?

 

originally published by JEFF JANICEK AND JASON UTAH for NAIOP National with permission to repost. 

Lab Pic

Lab sciences are one of the most talked-about sectors in real estate right now – but how can a traditional office building owner court these companies as tenants? By understanding what lab sciences leaders look for in potential lab and office space, commercial real estate owners can determine whether their buildings might be prime candidates for this dynamic market.

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News from Around the Region

 

originally published by REBIC for Two for Tuesday with permission to repost.

Davidson

Bridge

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Charlotte Fire Department Update

 

originally posted by REBIC for Two for Tuesday with permission to repost

Charlotte Fire Department Pic

Starting 15 February 2022, Land Development application permits submitted will have to comply with NCIFC 507.1 and 507.5.1. for hydrant spacing. Hydrant spacing to sprinkler system FDC, (both NFPA 13 and 13R) will have to be within 200’ of truck travel to the respected fire hydrant.

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How Will Inflation Impact Commercial Real Estate?

 

originally published by GARY TASMAN for NAIOP National with permission to repost. 

Inflation Picture

 

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Unique Adaptive Reuse Projects

 

originally published by BRIELLE SCOTT for NAIOP National with permission to repot. 

Parkandford Apartments

Adaptive reuse projects can often be a high-risk, high-reward proposition, as aging or obsolete assets bring their own set of unique challenges for developers hoping to revitalize or reposition a property for new uses.

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Let's Talk NAIOP NC Awards at the NAIOP NC Conference

 

originally published by NAIOP National with permission to repost

State Conference Pic

NAIOP NC Project of the Year Awards

Submit Projects by Friday, February 18, 2022

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Charlotte Policy Map & UDO

 

originally published by REBIC with permission to reshare.

UDO picture

During last night’s Charlotte City Council Business Meeting (start at 7 minute and 45-second mark), Alysia Osborne, Project Director, gave a presentation on the 2040 Policy Map. The second draft of the map will be released on January 18th. The other details on the new schedule may be found here.

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BREAKING: State Court Upholds New Districts

 

originally published by REBIC with permission to reshare.

Vote

A North Carolina Superior Court has upheld the new districts proposed by the legislature. The case will likely move on to the NC Supreme Court. Candidate filing will resume on February 24, 2022, at 8AM, and end at 12 noon on March 4, 2022.

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Developing Buildings with a Facilities Management Mindset

 

originally published by MELISSA PLASKONOS for NAIOP National with permission to repost.

Buildings Interior

Often in large development projects, design and construction teams focus on completing the building for the occupants’ short-term needs – about five years out from completion. Yet modern buildings have the potential to reach a lifespan of 30-50 years before requiring major renovations, according to Getty Conservation Institute. As climate change worsens and building resiliency becomes more top of mind for building owners and investors, a more forward-thinking approach to development is necessary.

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Improving the Building Permit Process

 

originally published by VALERIE MAISLIN for NAIOP National with permission to repost.

Development Approval

Building on the NAIOP Research Foundation’s recent study, The Development Approvals Index: A New Tool to Evaluate Local Approvals Processes, several NAIOP chapters and George Mason University have collected data on development approvals across the United States and Canada.  

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Flex Space Emerging as Long-term Office Market Trend While Transactions Overtake 2020 Sales Volume

 

originally published by IRINA LUPA  for NAIOP National with permission to repost.

Flex Office

While the past two years have been marked by considerable speculation around the future of office-based and remote work, there is no uncertainty around the fact that companies will still need physical spaces for training, collaboration, and culture building. Considering the changing nature of these activities, a trend has been gaining ground to keep up with demands: flex space.

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Apply to Serve on an Advisory Board

 

originally published by REBIC with permission to repost through NAIOP Charlotte

Get Involved

This is your chance to serve your community and represent the industry - apply today for an appointment to a Mecklenburg County Advisory Board, Committee, & Commission!

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REBIC City of Charlotte Update

 

originally published by REBIC with permission to repost in NAIOP Charlotte

Two for Tuesday - REBIC

Alyson Craig has been named Interim Planning Director for the City of Charlotte and will officially begin her new role on February 1st. Likewise, the comment period deadline for the first draft of Charlotte’s Unified Development Ordinance (UDO) has been extended from January 14th into late February or late March. A final determination on that will likely be made during next Monday’s council meeting. The Transportation, Planning, & Environment Committee will receive a briefing at its regularly scheduled meeting earlier that day. As a result, some of the community outreach meetings have been rescheduled for later in the month. 

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Charlotte UDO Virtual Q&A Session Postponed

 

originally published by REBIC with permission to repost in NAIOP Charlotte

UDO picture

The Frequent Users Q&A Virtual Conversations originally scheduled for January 4th have been postponed until January 27, 2022. Thank you to those who submitted questions before the previous deadline, however, the City did not receive enough questions to warrant an hour-long session. Please submit comments so that the City can facilitate a robust discussion for those who will use the UDO regularly. You may now submit questions until Thursday, January 20, 2022. Please submit your questions on the registration pages in the buttons below or via email to [email protected].

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Designing the Experiential Workplace of the Future

 

originally published by MICHAEL CASOLO for NAIOP National

Office Pic

COVID-19 revealed to the world that work is no longer a place we go – it is an experience we shape. Returning to the office as it used to be may seem pleasantly simple, but that would leave a historic opportunity on the table. Far deeper value lies in designing the office anew – this time, with the human experience front and center.

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Charlotte's UDO

 

Do you frequently use or reference Charlotte's development regulations?

The City of Charlotte, Department of Planning, Design, and Development will hold two conversations on Tuesday, January 4, 2022, to respond to development and design-related questions about the UDO. This session will be geared toward design and development professionals who may have very technical questions.

To ensure that all questions are addressed during this conversation, questions must be submitted in advance through the registration page or via email to [email protected] before next Tuesday, December 28, 2021. There will be two of these conversations from 12-1 p.m. and 6-7 p.m. Join the virtual conversation that best fits your schedule!

Don’t miss this unique opportunity to engage with city staff on this first draft of the UDO!

UDO Frequent User Q&A Flyer

Newsletter Winter 2021: Office Demand, Proptech, Adaptive Reuse and More

 

NAIOP Research Pic

Although office net absorption remained negative throughout 2021, it is gradually climbing toward the positive side of the scale.
Office utilization rates remain low due to continued concerns about coronavirus transmission, and the Omicron variant has also introduced a new degree of uncertainty.
However, while a long-term increase in remote and hybrid work arrangements is likely to reduce demand for office space, the authors of the latest NAIOP Office Space Demand Forecast predict this will be more than offset in coming years by employment growth in office-using industries.
 
Demand for new office buildings is also favorable, as new builds offer the flexible work environments demanded in today's more uncertain world.
 

People picVIEWPOINT

"Investors funneled $9.5 billion into Proptech this year. What technologies do you see your business potentially implementing in the future?"

See replies.

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