NAOIP Office Space Demand Forecast: Positive Office Space Absorbtion After Five Straight Negative Quarters Signals Further Growth
Net absorption of office space turned positive in the second and third quarters of 2024, following five consecutive quarters of shrinking demand. Although it is still possible that a recession could delay a recovery, recent trends suggest the office sector is stabilizing and that demand for office space will grow modestly in 2025, according to…
NAOIP: Commercial Real Estate Sentiment Rebounds
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…
LightBox Monthly CRE Activity Index Reveals Modest May Improvement
LightBox, a leading provider of commercial real estate (CRE) information and technology, released its Monthly CRE Activity Index, reflecting a modest rise in May deal activity from the previous month. The LightBox Monthly CRE Activity Index provides an aggregate view of the market with information on property listings, due diligence and valuation activity enabling…
Lovett Industrial breaks ground on a 21-acre, 282,000 Square Foot Industrial Business Park in Charlotte, NC
Lovett Industrial, the Houston-based real estate investment firm, recently broke ground on Orr Road Business Center, an urban infill 21.7-acre development consisting of 282,000 square feet spread across two Class A industrial buildings in the North Graham submarket of Charlotte, NC. Located on Orr Rd, just northeast of Downtown Charlotte, and within 1.5 miles of…
NAOIP Commercial Real Estate Sentiment Rebounds
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….
Slow Rebound in Office Space Demand Expected in 2024
NAIOP Research Foundation Releases Office Space Demand Forecast, Download: naiop.org/officedemand With a recession now appearing to be less likely than had been predicted and employment growth continuing, the NAIOP Research Foundation’s Office Space Demand Forecast predicts a gradual rebound in leasing activity. Net office-space absorption in 2024 – the amount that is leased or occupied less the…
NAIOP DEI Strategic Pillars: New Committee on DEI
2023 NAIOP Chair Kim Snyder and the NAIOP Board of Directors are proud to announce the adoption of its Diversity Equity and Inclusion (DEI) policy statement by NAIOP, the Commercial Real Estate Development Association. During the board meeting on October 17, held as part of NAIOP’s CRE.Converge conference in Seattle, the board unanimously approved the…
EastGroup Properties Announces Recent Business Activity and Participation in Upcoming Conferences
EastGroup Properties, Inc. (NYSE: EGP) (the “Company” or “EastGroup”) announced today its recent business activity. Commenting on the Company’s activity, Marshall Loeb, CEO, stated, “We continue to be pleased by both the strength and resiliency of the Sunbelt, shallow bay industrial market. Operationally it’s been a positive, steady year in an unsteady capital markets environment. Given the volatility in…
Hybrid Work and the Future of the Office: New NAIOP and CBRE Report Examines How Tennat Preferences are Reshaping the Office Market
As companies and employees absorb the lasting changes in work patterns brought by the pandemic, office occupiers are seeking out well-located buildings with amenities that lower the burden of commuting to work, according to a new report, Hybrid Work and the Future of the Office, published by the NAIOP Research Foundation in conjunction with CBRE….
NAOIP Industrial Space Demand Forecast: Outlook Bright
The outlook for the industrial real estate market remains bright, despite rising interest rates and the growth of new space being developed, according to the latest NAIOP Industrial Space Demand Forecast, released today. Low vacancy rates will continue to support growth in rents and property values. The current forecast has been revised upward from August…
