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Aging Office Buildings Are Having a Midlife Crisis

By: Andrea Vanecko, Eric Phillips and Lisa Stewart

Here is how to reinvent these properties for a new era.

Winter 2022/2023 Issue

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How E-Commerce Affects Urban Industrial Lands and Transportation Systems

By: Eric Aderneck and Russell Whitehead

Quick-delivery services could have a significant impact on streets, curbs and parking in cities.

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The Tin Building: A Fish Market Morphs into a Dining Destination

By: Anthony Paletta

An adaptive-reuse project in Manhattan rejuvenates a landmark that had fallen upon hard times.

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What Lies Ahead for Commercial Real Estate?

By: Trey Barrineau

NAIOP brought together national research directors and academics to discuss the return to the office, the future of industrial and other topics.

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Download the Winter 2022/2023 Issue of Development

Download a PDF version of the Winter 2022/2023 Issue of Development.

Must-Read Articles

Repurposed Shipping Containers Offer Unique Advantages for the Right Projects

By: Tom Gresham
Flexibility, affordability and durability are among the factors behind their growing use.

Challenges Abound When Transforming Office to Residential

By: Lindsey Postula and Maria Fuentes, Gray Reed
Zoning changes, design constraints and financing are among the hurdles.

Clean Indoor Air at the Office Can Reduce Risks from Viruses and Increase Productivity

By: Greg Fuller, Granite Properties
COVID-19 fuels a drive to improve indoor air quality as more office workers return to their buildings.

All-Electric Buildings are Powering Up

By: Alice Devine
Tenant demand, along with newer building codes, are energizing this construction trend.

CEO on Leadership: Peter J. Cocoziello

By: Ron Derven
The founder and CEO of Advance Realty Investors in Bedminster, New Jersey, shares the lessons he’s learned in his 40-plus years in the industry.

From Broker to Developer: The Challenges (and Rewards) of a Major Career Transition

By: Trey Barrineau
Commercial real estate leaders discuss how they climbed the ladder to the upper reaches of the profession.

Putting Some Real Money Behind Transportation

By: Robert Dunphy
The Bipartisan Infrastructure Law could help improve the movement of products through supply chains.

An Expanding Role for Public Art

By: Ron Heckmann
Creative expression can build a positive connection to a project for tenants and end users.

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

Chapter Profile: NAIOP Edmonton

By: Trey Barrineau

This growing Canadian city sits at the heart of a major energy-producing region.

From the Editor: What’s Old is New Again

By: Jennifer LeFurgy, Ph.D.

As 2022 ends and the economy remains uncertain, we know it is more important than ever to think creatively.

Worth Repeating


Sound bites from NAIOP’s CRE.Converge, held October 10-12 in Chicago.

What a Year It Has Been

By: Jeff Milanaik

Intentional Networking, Short-term Goals and Active Leadership

By: Marie Ruff

Advice from the winners of the 2022 Developing Leaders Awards, which honor outstanding young professionals.

ADDITIONAL ARTICLES

Economic Contraction May Not Ease Construction’s Labor Problems

By: Ken Simonson

A shortage of workers is forcing builders to pay higher wages.

What the Widening Talent Gap Means for Today’s Business Leaders

By: Bret Swango, Colliers

New approaches are required to attract and retain outstanding workers.

New Appellate Case Could Have an Immediate Impact on Construction Disputes

By: Brian Maloney and Chad Wissinger, Dentons Cohen & Grigsby P.C.

Ruling in Massachusetts on prompt-pay statutes comes amid skyrocketing costs for labor and materials.

Managing Water Damage Risk Involves Planning, Diligence

By: Chris Della Mora, HUB International

Maintenance and mitigation techniques are crucial to help keep insurance premiums low.

A Summer of Travel Turbulence

By: Ermengarde Jabir, Ph.D., Moody’s Analytics CRE

How hotels and airlines are navigating the post-COVID revival.

Commercial Real Estate Benefits from Inflation Reduction Act’s Climate Change Incentives

By: Aquiles Suarez

The bill expands tax breaks for energy-efficiency improvements in buildings.

Report Examines Economic Contributions of Commercial Real Estate in Canada

By: Shawn Moura, Ph.D.

Industry supports a million jobs and billions in contributions to the country’s GDP.

New & Noteworthy


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.