Your source for construction industry news in the Carolinas
Although business conditions have improved for commercial real estate, according to the most recent COVID-19 impact survey conducted by NAIOP, 86.6% of developers now report delays or shortages in construction supplies — an all-time high since the survey began in April 2020. This suggests that supply chain disruptions may outlast other effects of the pandemic,…
New development of commercial real estate and of the ongoing operations of existing commercial real estate buildings in the United States – office, industrial, warehouse and retail – supported 8 million American jobs, contributed $1.01 trillion to the U.S. GDP in 2020, and generated $338.1 billion in personal earnings – according to “Economic Impacts of…
Development and construction of new commercial real estate in the United States – office, industrial, warehouse and retail – generates significant economic growth at the state and national levels. This annual study, “The Economic Impacts of Commercial Real Estate, 2021 U.S. Edition,” published by the NAIOP Research Foundation, measures the contribution to GDP, salaries and…
A new office space demand forecast published by the NAIOP Research Foundation projects a period of negative absorption through late 2020 and early 2021, but total net absorption from Q2 2021 to Q3 2022 will exceed negative absorption from the recession, resulting in overall gains. In addition, the forecast negative absorption is less than the negative absorption…
The NAIOP CRE Sentiment Index for September 2020 is 45, indicating that respondents expect unfavorable conditions for commercial real estate over the next 12 months. “Although industry professionals know more about how COVID-19 affects demand for commercial real estate than they did in the spring, uncertainty remains about when the economy will fully recover,” said Thomas J….
The built environment is experiencing an unparalleled automated revolution across all commercial real estate asset classes, according to “The Evolution of the Warehouse: Trends in Technology, Design, Development and Delivery,” a new report published by the NAIOP Research Foundation. The report was authored by Steve Weikal, lecturer, researcher and CRE Tech lead, MIT Real Estate…
In NAIOP’s sixth monthly survey tracking the effects of the pandemic on the commercial real estate industry, respondents reported continued gradual improvement in deal activity, but also reported more tenants seeking rent relief, particularly in the office sector. The survey was completed by 203 NAIOP members between September 15 – 18, 2020. Respondents represent a…
Although industrial real estate has outperformed other commercial property types this year due in part to a surge in e-commerce, broader macroeconomic indicators suggest industrial space absorption will decline sharply in Q3 2020 and then rebound to positive levels in Q2 2021, according to the NAIOP Industrial Space Demand Forecast, released today. Industrial net absorption is…
New report details best practices for office and industrial real estate During the COVID-19 pandemic, widespread mandatory closures and reduced consumer spending have hampered business operations and created challenges for some office and industrial tenants. Many of these businesses have asked building owners for assistance in the form of rent abatements or deferrals. The NAIOP…
In the third NAIOP survey tracking the commercial real estate industry’s response to the COVID crisis, the industrial real estate sector showed significant gains in new redevelopment/redevelopment, building acquisitions and deal activity. Industrial real estate remains the strongest sector (compared to office, multifamily and retail) for reported activity, with the share of respondents observing new…
