This sector of industrial was booming even before the pandemic, and future demand is expected to soar even higher.

Winter 2020/2021 Issue

Life Sciences Real Estate Surges Amid Pandemic

By: Trey Barrineau

Investment pours into the sector as the world seeks vaccines and treatments for COVID-19.

A Difficult Forecast for Commercial Real Estate

By: Trey Barrineau

The COVID-19 pandemic and its impacts were major topics during the NAIOP Research Foundation’s National Research Directors Meeting in September.

Opportunities in a Post-Pandemic World

By: Marie Ruff, Betsy Russo, Linda Strowbridge, Brielle Scott

Discussions at NAIOP’s CRE.Converge Virtual 2020 revealed optimism for the future despite current challenges.

Must-Read Articles

Commercial Real Estate Professionals Faced a Challenging Year

By: Christopher Lee
Compensation survey reveals that difficult decisions lie ahead for firms regarding pay, benefits and staffing levels.

Standardization and Panelization in Multifamily Housing

By: Hill Pierce and Carl Malcolm
These high-tech construction techniques can save time and money on projects.

How IoT Can Help Create Safer Workplaces During COVID-19 and Beyond

By: Mark Milligan
Data gathered by smart sensors can provide actionable information to guide social distancing, sanitizing and more.

What to Do When Commercial Leases End Up in Bankruptcy

By: Gary M. Kaplan and Gregory B. Shean
The COVID-19 pandemic is forcing many businesses to close, leaving landlords in the lurch.

Public Transit During COVID-19: Essential Service for Essential People

By: Robert T. Dunphy
Safety on trains and buses will be a critical concern for cities in the foreseeable future.

The Canadian Response to the COVID-19 Pandemic

By: Rebecca Askew, Natalie Dash and Anand Pye
The government acted rapidly to prop up the economy, including supports for rent and personal income.

Riverwalk San Diego: From Golf Course to Mixed-Use Development

By: Jennifer Whitelaw
A transit-oriented project aims to create a village in the center of the city.

Nonresidential Construction Outlook Darkens

By: Ken Simonson
A “second wave” of pandemic-related trouble looms on the horizon.

RELATED RESEARCH AND PUBLICATIONS

By: Mariya Letdin, Ph.D., Dustin C. Read, Ph.D., J.D. and Spenser Robinson, DBA
The NAIOP Research Foundation commissioned this report to examine best practices in recruitment, training and retention for commercial real estate development firms. The study draws on interviews and focus groups with developers, interviews with executive recruiters, and a survey of NAIOP members.
By: Hany Guirguis, Ph.D., Manhattan College and Joshua Harris, Ph.D., CRE, CAIA, Fordham University
The office market performed worse in the first quarter of 2024 than previously forecast, with national office net absorption totaling a negative 13.4 million square feet. Office utilization has remained relatively flat since the beginning of the year as evidenced by building-access records. A reversal in optimism about the economy in late 2023 may have led firms to pause or scale back expansion plans. Elevated interest rates are constraining corporate earnings and firms’ ability to expand their operations, which appears likely to continue, at least in the near term. Given these trends and the possibility of a recession in 2024, net office space absorption over the last three quarters of 2024 is expected to be negative 11.8 million square feet. Moving forward, the forecast projects that net absorption will increase slightly in 2025 and will total approximately negative 4.5 million square feet.
By: Spenser Robinson, DBA
For the 2024 edition of Commercial Real Estate Terms and Definitions, the author reviewed secondary sources and sought input from members of the national research directors group as well as other CRE practitioners to identify terms that needed to be added or amended to match current use.

PERSPECTIVES

By: Jennifer LeFurgy, Ph.D.
While the industrial sector continues to do well thanks to e-commerce demand, retail is struggling, and the office sector faces an adjustment.
By: Larry Lance
Within a matter of days, we were providing critical information to our members and have continued to do so over the past nine months.
By: Marie Ruff
Outstanding 35-and-under members see opportunities in the current crisis.
By: Jennifer LeFurgy, Ph.D.
Women and other traditionally underrepresented groups in commercial real estate earn less than their white, male counterparts.
By: Trey Barrineau
This coalition of five chapters across the state sees growth continuing despite the pandemic.
By: Ron Derven
The head of this Atlanta-based real estate firm offers his perspectives on running a small office-acquisitions and asset-management company and the leadership lessons learned as NAIOP’s national chair in 2015.

ADDITIONAL ARTICLES

By: James “Chip” Stuart
Temporary building closures can put businesses at risk of losing their coverage.
By: James “Chip” Stuart and David Chmiel
Weeks of rioting across the U.S. this summer caused up to $1 billion in property damage.
By: Shawn Moura, Ph.D.
New technologies are accelerating the evolution of industrial real estate.
By: Bob da Silva and Bill Flemming
Modular components helped bring the facility online faster.
By: Mary Ingram-Schatz
An automated vegetable-growing process offers a creative solution for filling empty big-box stores.
By: Alice Devine
Virtual tools can help maintain camaraderie and connectedness.

An assortment of brief facts and figures about new and noteworthy development projects.
By: Thomas “TJ” Ciccone
COVID-19 forced owners and operators to adapt and adjust.

ARCHIVED ISSUES

View All Archived Issues
Spring Spring 2024 Issue

This issue includes a cover story on the Judson Mill District, a mixed-use textile mill revitalization project in Greenville, South Carolina. Other feature articles shine a spotlight on two innovative redevelopment projects that are converting closed auto assembly sites into new uses; the first locally grown, locally sourced mass timber building in the Southeast (Atlanta); and Marquette University’s Summer CRE High School Immersion Program.

Winter20232024Archive Winter 2023/2024 Issue

The winter 2023/2024 issue of Development magazine includes the boom in data center real estate development, economist’s take on what’s working and what’s not working in commercial real estate, a perspective on how artificial intelligence may reshape real estate, and a report on the outlook for capital markets, office, retail and industrial real estate.  

Cover Fall 2023 Issue

The fall 2023 issue of Development magazine features a cover story on NAIOP’s Developer of the Year, VanTrust Real Estate. Other articles include a look at a logistics prototype for dense urban areas, a conversation with author and demographer Joel Kotkin and the challenging renovation of a Seattle landmark.