An adaptive reuse project in the Washington, D.C., suburbs show the potential for converting old office space into apartments.

Spring 2022 Issue

How Industrial Projects Can Spur Economic Growth

By: Gary Horn

A large tire-storage facility in a small Indiana town offers lessons for developers on how to work with communities.

Going Big: Large-Format Multilevel Industrial Buildings

By: Eric Aderneck

These facilities can be important in areas with a constrained supply of land.

Cutting-edge Research That Has an Impact

The NAIOP Research Foundation's annual report highlights the relevant studies, activities and deep dives to come in 2022 and beyond.

Download the Spring 2022 Issue of Development

Download a PDF version of the Spring 2022 Issue of Development.

Must-Read Articles

Construction Sites Build a Circular Economy

By: Alice Devine
Zero-waste efforts attract greater attention, including a new certification program.

Real Estate Crowdfunding: Solid Growth, But Challenges Remain

By: Adam Gower, Ph.D.
Among them: Unrealistic expectations and the possibility of an economic downturn.

Demography is Destiny for Commercial Real Estate

By: Anirban Basu
Population shifts could portend big changes for the industry.

Construction Firms Foresee More Projects, More Problems

By: Ken Simonson
Shortages of workers and supplies could mean higher costs and longer timelines for projects.

Solera: Where Suburban Form Meets Urban Function

By: Mark Stine
This unique mixed-use project offers large affordable units for families.

Sub-Surface Recharge Systems Require Careful Planning

By: Sean P. Donlon, Cory A. Cormier and Bryan P. Strohman
Stormwater management can be a challenging, complex task for developers, especially in urban areas.

CEO on Leadership: Adrian G. Washington, Founder and CEO, Neighborhood Development Co.

By: Ron Derven
The leader of this Washington, D.C.-based firm talks about the challenges of growing his company into a multifamily developer of affordable and market-rate housing and commercial projects.

The Assembly Builds on the Past

By: Sami Proctor
An adaptive-reuse project in Pittsburgh transforms a historically significant manufacturing facility into high-tech lab space.

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: Ron Derven
The leader of this Washington, D.C.-based firm talks about the challenges of growing his company into a multifamily developer of affordable and market-rate housing and commercial projects.
By: Jennifer LeFurgy
Return to the workplace for some has been delayed, yet the office sector continues to rebound, with absorption inching toward the positive.
By: Jeff Milanaik
I’m excited to lead NAIOP in 2022, and I look forward to meeting so many of you as I visit chapters this year.
By: Trey Barrineau
Education, membership, advocacy and special events were among the programs honored in 2021.
By: Rochelle Broder-Singer
There are many ways to identify and recruit new workers for the industry.

ADDITIONAL ARTICLES

By: Shawn Moura, Ph.D.
A new NAIOP research brief examines the relationship between imports and site selection for logistics centers.
By: Trey Barrineau
An assortment of brief facts and figures about new and noteworthy development projects.
By: Mike Henehan
A new development will provide easy access to commuter rail.
By: Chase Callaway
Getting back to basics can solve problems before they appear.
By: Michael Howell
In Atlanta, a project connects with nature and the surrounding community.

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.