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Office-to-Industrial Conversions: A Niche Market Worth Exploring

By: Ron Derven

There’s a lot of potential, but the economic and regulatory challenges can be daunting.

Summer 2022 Issue

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Transforming an Abandoned Brownfield into a Modern Cold Storage Facility

By: Kenneth E. Rodman, Jr.

A public-private collaboration results in an $84 million investment and more than 80 new jobs in Portsmouth, Virginia.

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Last Mile: The Most Challenging Piece of the Logistics Puzzle

By: Jeffrey Small

Infill development in high-value locations can be a complex process.

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A 'Calming Presence' at the Helm

By: Trey Barrineau

Thomas J. Bisacquino, NAIOP’s long-serving president and CEO, retires after three decades with the association.

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Download the Summer 2022 Issue of Development

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

Must-Read Articles

Operation Zero Waste: A Greener Way to Take Out the Trash

By: Alice Devine
The TRUE Zero Waste Certification aims to divert the vast majority of garbage generated at commercial buildings away from landfills and incinerators.

A Triple-Whammy Threatens Project Viability

By: Ken Simonson
Contractors cope with rising materials, labor and interest costs.

Vacant Storefronts Can be Repurposed into Retail Incubators

By: Ilana Preuss
They can provide an immediate boost in shopping districts and grow future businesses into long-term tenants.

The Unexpected Challenges (and Solutions) of Multilevel Warehouse Design

By: Russ Hazzard and Jonathan Chang
Experiences in Canada and Asia provide case studies for building these complex properties.

Mitigating Environmental Risks in Life Science Leases

By: Michael Pollack
A lot of hazardous material passes through these facilities, so caution is necessary.

When Retail and Industrial Merge

By: Trey Barrineau
Last-mile distribution facilities focused on direct service to customers could be poised for growth.

Industrial Market Analysis: Measuring Where to Invest

By: Trey Barrineau
How data delivers insights that guide investment decisions.

Parking in a Post-Pandemic Economy

By: Robert Dunphy
As workers return to offices and shoppers return to stores, new parking strategies may emerge.

RELATED RESEARCH AND PUBLICATIONS

Recruiting, Training and Retaining Talent in the Real Estate Development Industry

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.

Office Space Demand Forecast, Second Quarter 2024

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.

Commercial Real Estate Terms and Definitions

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

From the Editor: A Job Well Done

By: Jennifer LeFurgy
After leading the organization for more than 30 years, Thomas J. Bisacquino will begin a well-deserved retirement.

Key Takeaways from I.CON West

By: Jeff Milanaik
These are some of my biggest takeaways from the I.CON West.

CEO on Leadership: Meg Epstein

By: Ron Derven
The CEO of CA South, which develops office, industrial and residential properties in the Nashville area, discusses her vision of leadership in commercial real estate.

Worth Repeating

By: Trey Barrineau
Sound bites from NAIOP’s I.CON West, held March 23-24 in Long Beach, California.

Chapter Profile NAIOP Raleigh Durham

By: Trey Barrineau
Life science properties are hot in this market, which is experiencing explosive population growth.

ADDITIONAL ARTICLES

Biden Wetlands Regulation May Be Upended by Supreme Court

By: Aquiles Suarez
Waters of the United States case could resolve a long-running dispute.

A Fresh Look at Office Conversions

By: Shawn Moura, Ph.D.
Old office buildings find a new lease on life as labs, medical offices and apartments.

The Growing Demand for Supplier Diversity in the Commercial Real Estate Industry

By: Jenna Glick
A new organization aims to simplify the process of procuring real estate suppliers from historically under-represented groups.

Hybrid Goals? Reinventing the Office, Faster and Better Than Before

By: Albert De Plazaola and Hannah Hackathorn
The pandemic ushers in a new era for workspace design and development.

How RFIs and Change Orders Disrupt Multifamily Development Projects

By: Denis Koval
Early planning and collaboration can help avoid costly do-overs later.

Reducing Financial Risks for the Lender on Projects

By: Aled Jenkins
Construction loan monitoring identifies problems early in the process before they become costly headaches.

New & Noteworthy

By: Trey Barrineau
An assortment of brief facts and figures about new and noteworthy development projects.

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.