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Emerging Trends 2022 Report: Flexibility, Resilience to Drive Commercial Real Estate for Next Decade

originally published by  in Features for REBusniess Onlin and reposted by NAIOP National.

WASHINGTON, D.C. — Flexibility, convenience, and ultimately commercial real estate’s resilience will drive the industry over the next decade as owners respond to and recover from the COVID-19 pandemic.

That’s according to Emerging Trends in Real Estate 2022, an annual report jointly produced by PwC US and the Urban Land Institute (ULI). The report includes proprietary data and insights from nearly 1,700 leading real estate industry experts, gathered both through in-person interviews and a survey.

Read the Full Article Here!

Pandemic, Shifting Markets Creating Risks, Opportunities for Capital Markets

originally published by JEFF ZBAR for NAIOP National

Capital Markets

While some assets in the real estate market have been jolted by pandemic-related fallout, some investors, managers, and property owners will look back on the COVID-19 era as the “golden era” of real estate investment.

While some sectors have struggled, like office and retail, certain sectors have seen tremendous growth. Managers with operational expertise with the right property type have found success.

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Automation and Digital Transformation in CRE

originally published by  ROCHELLE BRODER-SINGER for NAIOP National

Tech Pictures

Commercial real estate and construction have been notoriously slow to adopt new technologies. But digital transformation is coming to the industry. At CRE Converge 2021 in Miami Beach, experts discussed how several new technologies are affecting developers, builders, and owners:

Reality capture

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City of Charlotte - Draft Policy Maps

 

This is a very busy time, but a time to be involved and aware of what is happening in Charlotte.  Yesterday (10/13), the City of Charlotte released a draft of the Policy Maps. 

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Two for Tuesday - First Draft of Charlotte UDO Released

originally published by REBIC with permission to repost on NAIOP

Two for Tuesday


 

#1) First Draft of Charlotte UDO Released

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The Most Valuable Asset: Expanding the CRE Talent Pool

originally published by Rochelle Broder-Singer for NAIOP National

WomenInCRE

To address its ongoing talent shortage, the commercial real estate industry must look outside of traditional recruiting avenues and consider people with nontraditional career paths.

Ten years ago, great employees seemed much easier to find – an organization might find three excellent candidates for anyone open position. Today, it can feel like there are no great candidates available.

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Grant Hill on Coach K, Leadership and Attracting Young People to CRE

originally published by Brielle Scott for NAIOP National

Grant Hill

Attendees at CRE. Converge this week had the unique opportunity to hear from seven-time NBA All-Star and sports icon Grant Hill. Skip Kalb, principal, Skip Kalb Strategies, LLC, and incoming chair of the NAIOP Research Foundation, interviewed Hill about lessons learned through his time in the NBA, his recent appointment to lead the USA Basketball Men’s National Team in the 2024 Olympics, his transition to a powerhouse commercial real estate investor and owner in several markets across the country, and more. 

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The Future of Goods Distribution and the Supply Chain

originally published by Trey Barrineau for NAIOP National

Card over Bridge

In the wake of the COVID-19 pandemic, supply chain problems have become pervasive. In fact, things are getting so bad that many fear they could imperil the all-important holiday shopping season this year.

Michael Landsburg, chief development officer with NFI Real Estate, said there are currently 70 cargo ships anchored off the ports of Los Angeles and Long Beach, California. A month ago, there were about 40.

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DL Webinar: Ask Us Anything About Government Affairs (exclusive DL program)

Exclusive NAIOP Developing Leaders Program for Members.

Does what happens on Capitol Hill really impact your market, company, or career? YES! While the legislative language is complicated and the process somewhat daunting, it’s more important than ever that our Developing Leaders understand how NAIOP’s legislative agenda plays a significant role in advancing and protecting the industry.

Learn More Here!

Alternative Means and Methods for Maintaining Project Momentum

originally published by BRIELLE SCOTT for NAIOP National

Contractor Pic

The post-pandemic construction boom has taken many forms. E-commerce and big box retailers are developing across the country, while at the same time, construction projects that were postponed during the pandemic have resumed. However, the lack of workforce at manufacturing facilities last year combined with the high demand for materials have led to price increases and lead-time delays.

In a session at CRE.Converge this week, a panel of experts led by Bill Finfrock, president, FINFROCK, shared some of the strategies used in construction to keep projects moving forward despite these challenges.

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Build-to-Suit vs. Spec: Which Building is Right For a Specific Company?

originally published by K.J. Jacobs for NAIOP National

Building Pic

Businesses that are young and growing might lean toward spec; older, established firms could favor build-to-suits.

When it comes to choosing the right building, there are several questions an organization must ask itself. Is the company at a place where it can invest in a building that will attract prospective employees? Is the company looking for a more temporary or flexible workplace? Is the facility able to support the organization’s needs for production, research, collaboration or innovation? 

Since each company’s requirements, goals and operations are unique, as are each facility’s offerings and characteristics, the answers will vary depending on who’s asking. 

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A Two-Dimensional Approach to Evaluating Commercial Real Estate Markets

originally published by Maria Sicola, Charles Warren, PhD, and Megan Weiner of CityStream Solutions, LLC and posted for NAIOP Global

In 2020, the NAIOP Research Foundation published A New Look at Market Tier and Ranking Systems, which identified the limitations of one-dimensional tier and ranking systems that are commonly used to evaluate metropolitan commercial real estate markets. When tailored to the needs of a specific type of investor, these models can help prioritize markets for consideration. However, tier and ranking reports designed for a more general audience tend to be of only limited use to most end-users since they do not account for differences in investment strategy, risk tolerance or specialization. Further, all tier and ranking models condense complex market characteristics into a single score, providing only limited information that investors can use to evaluate and compare different markets.

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Help Needed With Survey for Economic Impacts of CRE

 

Dear NAIOP Chapter Executives:

The NAIOP Research Foundation is currently conducting a brief survey of U.S. members on development costs for office, warehouse/distribution, manufacturing and retail projects. This updated information is needed to complete the 2022 U.S. edition of the Economic Impacts of Commercial Real Estate, and we would appreciate your help promoting the survey to members who are likely to know about development costs for manufacturing and retail properties, as only a few respondents have provided information for these property types.

The survey takes about 2-3 minutes to complete, and we are now offering anyone who provides information on development costs (including those who have already completed the survey) with a $10 Amazon gift card. Please encourage members to complete the survey, either using the personalized link they received on Monday, September 20, or using this open link: https://research.zarca.com/r/hh79EQ If someone else at their firm would be better able to complete the survey or is more familiar with manufacturing or retail projects, members can send them the open link. The survey will now close on October 6.

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Two For Tuesday - 9/30/2021

Originally published by REBIC with permission to re-post through CRCBR.

Two for Tuesday - REBIC


 

 

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Congratulations to our Fall Golf Tournament Winners!

Congratulations to our Tournament Winners!

Thank you to all our Participants and Sponsors!

We had an amazing turnout at this year’s CRCBR/NAIOP Charlotte Fall Golf Tournament. Thank you to everyone who came out on September 27 at Carolina Golf Club and congratulations to all of our tournament winners!

Golf Pic

View Photos

Check back for more photos coming soon!

Gross Winners

Our first place winners based on GROSS were:

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Communicating Effectively with CRE Community Stakeholders

Originally published for NAIOP

Building Picture

The logistics market is red-hot, but external forces are trying to cool it. A panel at I.CON West this week in Long Beach, California, addressed technical, regulatory and political challenges facing industrial real estate in Southern California, and shared recommendations for all developers working with decision-makers in their communities.

Read the full article here!

Preparing your Commercial Property for the Market

Building Picture
Property values are soaring, and interest rates are at near-record lows. It’s no wonder many commercial property owners are considering selling their assets to take advantage of one of the strongest sellers’ markets in recent history.
Much like preparing to sell a home, commercial properties need to be appealing to potential buyers. But unlike your home, which might be improved significantly with some simple landscaping and a fresh coat of paint, commercial properties need more than just a physical facelift. They also need fiscal preparation.

Read the full article here!

Buildings account for 39% of global greenhouse emissions — that could be an opportunity for investors

Originally written by Karen Gilchrist on September 17th, 2021 for CNBC.

Investing in sustainable buildings could offer a real solution to reducing emissions in one of the world’s most polluting sectors, said Taronga Ventures, an investment firm focused on sustainable innovation and tech.

Buildings currently represent 39% of global greenhouse emissions, according to U.N. data. Almost one-third (28%) of the global total is the result of running buildings — referred to as operational emissions, while 11% comes from building materials and construction.

Read the full article here!

Four Challenges in Industrial Real Estate Today

Digital Industrial Pic
Originally published for NAIOP
A panel of experts took on the biggest challenges in industrial real estate in the closing panel of the first day of I.CON West 2021, held this week in Long Beach, California. From supply chain stressors to volatile pricing to labor shortages and building design, the issues seem bigger than ever for commercial real estate’s hottest sector. Here’s what these industrial leaders had to say on these topics:
  • Supply chain challenges
  • Spikes in Rent and Demand
  • Building Design and Location
  • Predicting the Future

Read the full article here!

U.S. House and Senate Return for Busy September Agenda

The U.S. House of Representatives and the Senate return this week in full from their summer recess, with congressional leaders rushing to meet critical deadlines to advance President Joe Biden’s “Build Back Better” legislative agenda. Prior to their return to Washington, D.C., members of several House committees had been meeting via teleconference to develop their individual pieces of a $3.5 trillion budget reconciliation package that, by rule, cannot be blocked by a Senate filibuster. Senate Democrats (including the two Independents that caucus with the Democrats) can pass the reconciliation bill without Republican votes, provided all 50 support the reconciliation measure. Last week, the House Ways and Means Committee advanced their portion of the bill containing revenue-raising measures that will be subject to further negotiations before a final bill is voted on by the House.

House Speaker Nancy Pelosi (D-CA) had originally promised progressives in the Democratic caucus that she would not hold a vote on a Senate-passed bipartisan infrastructure bill until work on the larger reconciliation bill was completed and accepted by Senate Democrats. However, a group of centrist and moderate Democrats led by Representative Josh Gottheimer (D-NJ) extracted a commitment from Speaker Pelosi to begin floor vote proceedings on the infrastructure bill on Sept. 27. In addition to the reconciliation package and the infrastructure bill, the House and Senate must also deal with legislation to raise the national debt limit, as well as passing a continuing resolution before Oct. 1 to fund the federal agency operations and prevent a government shutdown.

See original article here!