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Economic and Fiscal Impact Tools
Super Briefing: Commercial Real Estate Reacts to Triple-Threat Shocks from the Economy, Financing and Government
Find out how the commercial real estate business is likely to be affected by recent economic and world events, like the lowered U.S. credit rating, the widening European debt crisis and the no-end-in-sight gridlock on Capitol Hill.
During this Webinar, three experts assess the current situation, including:
- Hessam Nadji, Managing Director of Research and Advisory Services, Marcus & Millichap Real Estate Investment Services, weighing the impact of economic realities on the health of commercial real estate markets, with an emphasis on office, industrial, mixed use and retail real estate.
- Val Achtemeier, Executive Vice President, Capital Markets, Debt and Equity Finance, CB Richard Ellis, Inc., discussing financing in a climate of United States and world debt crises, and how that might factor into securing debt and equity, money flow and the possibility of altered terms for obtaining financing.
- Aquiles Suarez, Vice President for Government Affairs, NAIOP Corporate, providing insight into how the actions/inactions of Capitol Hill and the White House could impact commercial real estate, from now until the 2012 Presidential election.
Who Will Fill Your Space: Surprising Facts about U.S. Jobs
On the surface, the jobs outlook seems gloomy, for as far into the future as we can see. But an August 2011 conversation with Stephen Fuller, PhD, Dwight Schar Faculty Chair and University Professor; Director, Center for Regional Analysis, George Mason University, uncovers surprising insights into employment and demographic trends that could spur commercial real estate demand.
Assessing Key Employment Trends Driving Commercial Real Estate Development - As the economy adapts and changes in response to the pressures of globalization, climate change, new government initiatives, and other factors, the spatial pattern of workspace demand is constantly shifting. Developers are challenged to supply the proper kind of workspace where it is needed most in a changing economic environment. Knowledge of current employment trends helps developers and investors make more informed decisions about the provision of space to better meet future needs as they arise. This NAIOP Research Foundation project explored the trends in industrial, office, and total employment from 2000 through the present.
The following PDF reports are available:
The Atlas of Rural and Small-Town America — Online mapping tool that provides over 60 demographic, economic and statistical indicators depicting conditions and trends across different types of non-metro regions in the United States.
The Contribution of the Office, Retail and Industrial Properties to the U. S. and State's Economies in 2009 (PDF) – The value of commercial buildings is much more than the sum of their construction outlays or their assessed valuation. Commercial real estate development, construction and operations create a ripple effect in the economy. This contribution consists of annual direct spending for new development and construction and annual expenditures to operate existing buildings. Additional important economic benefits - the ripple effect - are also derived from the respending of the salary and wages supported by direct construction and operating outlays and purchases of construction-related materials and services from vendors. The combination of these direct and indirect (and induced) outlays constitutes the total output or contribution to the national economy.
This NAIOP Research Foundation 2010 report is intended to provide a document that can be used to demonstrate the economic importance of commercial construction to local, state and national audiences as the national economy recovers in 2011.
How to Calculate the Economic Contribution of Office, Industrial, and Retail Real Estate to the Local Community –
In this era of anti-development sentiment, it would be very valuable for the development community to have a tool to demonstrate to public officials, the local media and citizens the overwhelmingly positive contributions that commercial real estate makes to a community. This NAIOP Research Foundation project developed a form listing the sources of the contributions that office, industrial, office/tech and retail make to their communities through taxes, job growth, etc.
Industrial Space Demand (PDF) – Industrial property investors, lenders and forecasters have an explicit need for a concise measurement of the demand for industrial property. Measuring key factors from the industrial sector of the economy will allow for the creation of an index of leading and coincident indicators that will monitor the health of the industrial property market.
The Industrial Space Demand Forecast will give an efficient, accurate forecast of future and current conditions in the industrial real estate market for use by NAIOP members and the real estate community. The report will help understand the casual linkages between economic and industrial sector activity and the demand for industrial real estate.
Predictors of Commercial Real Estate Development – This NAIOP Research Foundation white paper empirically investigated the macroeconomic indicators that drive new development of commercial real estate to determine whether the timing of new commercial development is linked to certain economic drivers having a greater effect on the office, industrial, retail and multi-family property types. Economic determinants of development for each property type at the national and MSA level are discussed along with practical approaches on how to use the research findings. The approaches to using these indicators could help forecast future demand for commercial real estate space and also better determine future leasing expectations, competition in specific markets and across property types, and aid in the development of more accurate feasibility studies for future projects.
The following PDF reports are available.
Industry Resources are compiled and maintained by the NAIOP Information Center. For more information, please contact Elizabeth Sherrod at (703) 904-7100.
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