Your source for construction industry news in the Carolinas
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…
The NAIOP Commercial Real Estate (CRE) Sentiment Index which predicts general conditions in the commercial real estate industry over the next 12 months, ticked slightly upwards in September, compared to six months earlier. A majority of respondents plan to hire employees, even though the cost of materials and labor related to construction continue to be causes of…
A shortage of construction and logistics workers has increased the cost of construction for developers and hampered the expansion and profitability of warehouse and distribution centers. The NAIOP Research Foundation commissioned this report to explore some of the contributing factors to the workforce shortage and how the construction and logistics industries can improve worker recruitment,…
According to the NAIOP Industrial Space Demand Forecast, First Quarter 2019 the forecast for net industrial space demand will remain steady in 2019 at approximately 57 million square feet per quarter for 2019. Dr. Hany Guirguis of Manhattan College and Dr. Joshua Harris of New York University report that industrial demand will be off to…
New development and ongoing operations of existing commercial real estate buildings in the United States – office, industrial, warehouse and retail – generates significant economic growth at the state and national levels. The combined impact of these property types supported 8.3 million American jobs and contributed $1 trillion to U.S. GDP in 2018. The study…
A new white paper published by the NAIOP Research Foundation offers insight into the usages and challenges of big data in commercial real estate, particularly in the office sector where the data’s usefulness can be used to both improve a building’s operational efficiencies and attract and retain tenants. The study, “The Office Property and Big…
Robust Economy Means Increased Industrial Demand Download the NAIOP Industrial Space Demand Forecast, Third Quarter 2018 Report. The forecast for demand for industrial space has risen because of increased expectations of broad macroeconomic growth and job generation for the remainder of 2018 and 2019. According to Dr. Hany Guirguis of Manhattan College and Dr. Joshua…
NAIOP Office Space Demand Forecast Q2 2018 Download the NAIOP Office Space Demand Forecast, Second Quarter 2018 Report. The U.S. office markets averaged just 4.4 million square feet of positive net absorption over the past two quarters; specifically, 7.4 million square feet were absorbed in the fourth quarter of 2017 and just 1.3 million square…
