Your source for construction industry news in the Carolinas
Office Market at Pivotal ‘Normalization’ Point as Macroeconomic Factors Weigh on Economy Nationwide demand for office space experienced a large shift in momentum in the third quarter, with demand growing by 19.8 million square feet compared with negative net absorption of 14.9 million square feet in the second quarter. Although the most recent quarter was…
The U.S. market for industrial space continued to slow into the first half of 2025, with only 27.0 million square feet absorbed during this period, with demand shrinking by 11.3 million in the second quarter, the first negative quarterly reading since 2010. This decline was likely driven by increasing macroeconomic uncertainty caused by unclear tariff…
KEY FINDINGS The NAIOP CRE Sentiment Index for September 2024 is 56, an increase from the April 2024 reading, indicating that respondents expect conditions for commercial real estate to improve over the next 12 months (see Figure 1). Respondents have a positive outlook for every component that comprises the Index except for construction labor costs,…
The NAIOP CRE Sentiment Index, which measures industry expectations for commercial real estate market conditions over the next 12 months, has increased significantly from the last survey conducted in the Spring. The Index climbed to 56, indicating that respondents expect conditions for commercial real estate development to improve over the next year. The NAIOP CRE Sentiment…
The net absorption of industrial real estate – the amount of space occupied minus space vacated over a given period – has slowed from record levels in the wake of the pandemic, but the sector remains strong, according to the most recent NAIOP Industrial Space Demand Forecast. Total U.S. industrial net absorption in the first half…
NAIOP, the Commercial Real Estate Development Association, commends the introduction of the “Revitalizing Downtowns and Main Streets Act,” which establishes a new 20% tax credit to make possible conversion of many underutilized or vacant commercial properties to residential use. The bipartisan bill is sponsored by U.S. Representatives Mike Carey (R-OH) and Jimmy Gomez (D-CA). “This…
The NAIOP CRE Sentiment Index, a key forecast of commercial real estate market conditions over the next 12 months, has increased significantly from the last survey in fall 2023. The Index rose to 52, from 46 in September, indicating that respondents expect conditions for commercial real estate development to be somewhat better over the next year….
What is the eGrid? A colocation data center vs. an edge data center? Speed bay? As the commercial real estate industry continues to evolve, new concepts, ideas and terms emerge. To recognize those changes, and to make them clearer to those in the profession, the NAIOP Research Foundation has updated its Commercial Real Estate Terms and…
Industries are rapidly evolving as business processes grow more interconnected and automated. Data and analytics play an important role in information technologies and their interaction with the physical world, including emerging fields such as artificial intelligence, the Internet of Things (IoT), and virtual and augmented reality. Advanced data analytics gained from these tools can be…
As the availability of readily developable land decreases, brownfields – former industrial sites and other properties that may be contaminated – are attracting more attention from developers in the U.S. and Canada. These sites, typically located in urban areas with well-developed transportation infrastructure, are potentially attractive targets for redevelopment to new uses, but often require…
