Your source for construction industry news in the Carolinas
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…
The industrial real estate market showed signs of slowing after an unprecedented expansion, according to the latest NAIOP Industrial Space Demand Forecast, released today. According to the report, “amid lower pressure on global supply chains, increasing inventory carrying costs, a cooling economy, and a decrease in the rate of e-commerce expansion, retailers and logistics firms have…
The impact of new commercial real estate development and of the ongoing operations of existing commercial real estate buildings in the United States continues to grow, according to the annual Economic Impacts of Commercial Real Estate, 2022 U.S. Edition, research study conducted by the NAIOP Research Foundation. The combined economic contributions of new commercial building development and…
