NAOIP: Office Space Demand Forecast, Fourth Quarter 2025
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…
Office Market May Be Entering a “Normalization” Phase
The NAIOP Research Foundation today released its newest office market forecast, revealing that national demand for office space surged in the third quarter of 2025 – a sharp reversal from earlier in the year that may signal the beginning of a broader market recovery. The report, “Office Space Demand Forecast, Fourth Quarter 2025,” analyzes current…
Permanent Modular Building With Palomar Modular Buildings
Jumbo Shrimp. Army Intelligence. A Little Pregnant. Permanent Modular. Which one of those terms is NOT an oxymoron? That’s right, the term “Permanent Modular” is not the oxymoron some might believe it to be. Many people think “temporary” when they think “modular building”. That’s just not correct. Although modular buildings are often used to satisfy…
Duke Energy to Pilot EV Charging Subscription Service in North Carolina
As North Carolina looks toward a cleaner energy future with reduced greenhouse gas emissions and clean transportation, Duke Energy, General Motors, Ford Motor Company and BMW of North America are teaming up to launch a new electric vehicle (EV) pilot program in the state aimed at bringing certainty to the cost of EV charging. Duke Energy’s 12-month EV Complete Home…
The Winners of the 8th Annual Excellence in Concrete Construction Awards
The eighth annual ACI Excellence in Concrete Construction Awards showcased dozens of innovative concrete projects from around the world. The “Overall Excellence” award was presented to Chau Chak Wing Museum, located in Sydney, New South Wales, Australia. The winning concrete project also received first place in the mid-rise structures category at the ACI Excellence in Concrete Construction Awards…
Balfour Beatty and Samet Corporation Joint Venture to Deliver Modernized Courthouse in Forsyth County
Balfour Beatty, in joint venture with Samet Corporation, is partnering to deliver the new Forsyth County Courthouse in Winston Salem, North Carolina. A groundbreaking event for the new courthouse took place in February to celebrate the construction of the newly modernized courthouse that will provide improved security, accessibility, and technologies to better serve Forsyth County citizens and…
Preparing for Office Re-Entry: A Case Study
Since the beginning of our work-from-home experience, the workplace design team at Progressive AE has been focused on building a plan for our eventual office re-entry. Mitigating risk and keeping staff safe have been foundational to our efforts. To help guide our work, we made the decision early on to follow federal and state-issued guidelines,…
NAIOP Releases Commercial Real Estate Industry Sentiment Index
The NAIOP CRE Sentiment Index, based on a survey of real estate practitioners, has dropped below 50 for the first time since its inception; however, because the survey was conducted March 11-25, 2020 as the nation was rapidly reacting to the COVID-19 pandemic, the long-term outlook is better understood as a snapshot of industry sentiment…
A Commercial Real Estate Conundrum: How to Tier Markets?
The commercial real estate industry has long ranked cities and regions into tiers for the purpose of market analysis, based on their investment potential or growth characteristics. However, the lack of a uniform approach and differences in variables – including the rise of certain industries in specific markets, changing rates of growth, and strengths in…
Craig Gauldin Davis Recognized with Historic Preservation Award
The comprehensive restoration of York County Courthouse was recognized with an Honor Award by Preservation South Carolina, the SC Department of Archives and History, and the Office of the Governor. The award recognizes the exceptional efforts employed by the County to restore this circa 1914 public building which is listed on the National Register of…
