The NAIOP Research Foundation helps build better communities through practical research and education. The Foundation's research projects, educational programs and outreach activities have a united purpose: to support developers, owners and others involved in commercial real estate in meeting and exceeding the needs and expectations of our communities, now and in the future.
The U.S. office market continues to perform as expected, with an average of 14.7 million square feet absorbed per quarter in 2019. Overall employment growth remains steady and is especially robust in the key office-using sector of Professional and Business Services, according to the U.S. Department of Labor’s Bureau of Labor Statistics.
Many suburban office parks in North America are now functionally obsolete due to their location, layout or limited amenities. The NAIOP Research Foundation commissioned this report to identify ways that firms are revitalizing suburban office parks through redevelopment, rehabilitation and adaptive reuse. The author interviewed five developers who have recently updated suburban office parks in the United States and Canada to learn how they made these properties relevant for today’s market.
A shortage of construction and logistics workers has increased the cost of construction for developers and hampered the expansion and profitability of warehouse and distribution centers. The NAIOP Research Foundation commissioned this report to explore some of the contributing factors to the workforce shortage and how the construction and logistics industries can improve worker recruitment, training, productivity and retention. The author interviewed several national and regional workforce development program leaders to learn about their partnerships with industry to recruit and train the next generation of construction and logistics workers.
Setting up a private equity fund can be a big and confusing step for many real estate professionals. To help demystify private equity fund formation and operation, the NAIOP Research Foundation commissioned this white paper. It is geared toward those who have limited familiarity with the process and want to learn the basics. The authors provide step-by-step guidance, along with an example of a fund waterfall and a case study of how one company successfully used a series of private equity funds to seek out opportunities during the financial crisis when other sources of funds were limited.
The Industrial Space Demand Forecast for the U.S. is issued quarterly by NAIOP and is based on an accurate model. The Forecast assists developers and investors to make more prudent decisions about the timing of new development projects. The white paper includes a full description of the methodology behind the forecast.
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,” 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.
The main purpose of this report is to quantify the economic impact of commercial real estate investment in Canada, with a specific focus on estimating the impact tied to investment in the country’s largest Census Metropolitan Areas.
Business owners can efficiently track inventory, improve space utilization, lower operating expenses, enhance customers’ experiences and tighten security by deploying digital sensing devices that make use of radio-frequency identification (RFID) tags, Wi-Fi and smartphones. These devices, known generally as beacons and sensors, are nothing new in commercial properties; the ability to control temperature, track inventory and send advertising messages to shoppers through their smartphones has become commonplace.
This brief provides an overview of some of the ways that simple, tiny, affordable and ubiquitous sensors are being used in commercial real estate settings. It addresses radio-frequency identification, geofencing, beacon technology, and WELL™ and RESET™ technologies, and it concludes with the broader challenges associated with using networked digital data-collection systems.
The use of big data offers great potential, while it also presents challenges. This white paper seeks to define big data and to identify some of the obstacles and opportunities associated with it in the context of managing office properties. It includes a general overview of the topic as well as examples of how property managers are collecting and analyzing data within their office properties.
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To remain competitive and accelerate lease up, office building owners are enlivening their buildings with common area amenities and programming.