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A 1980s-Era Office Park is Reborn as Multifamily Housing

By: Mark Rivers

An adaptive reuse project in the Washington, D.C., suburbs show the potential for converting old office space into apartments.

Spring 2022 Issue

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How Industrial Projects Can Spur Economic Growth

By: Gary Horn

A large tire-storage facility in a small Indiana town offers lessons for developers on how to work with communities.

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Going Big: Large-Format Multilevel Industrial Buildings

By: Eric Aderneck

These facilities can be important in areas with a constrained supply of land.

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Cutting-edge Research That Has an Impact

The NAIOP Research Foundation's annual report highlights the relevant studies, activities and deep dives to come in 2022 and beyond.

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Download the Spring 2022 Issue of Development

Download a PDF version of the Spring 2022 Issue of Development.

Must-Read Articles

Construction Sites Build a Circular Economy

By: Alice Devine
Zero-waste efforts attract greater attention, including a new certification program.

Real Estate Crowdfunding: Solid Growth, But Challenges Remain

By: Adam Gower, Ph.D.
Among them: Unrealistic expectations and the possibility of an economic downturn.

Demography is Destiny for Commercial Real Estate

By: Anirban Basu
Population shifts could portend big changes for the industry.

Construction Firms Foresee More Projects, More Problems

By: Ken Simonson
Shortages of workers and supplies could mean higher costs and longer timelines for projects.

Solera: Where Suburban Form Meets Urban Function

By: Mark Stine
This unique mixed-use project offers large affordable units for families.

Sub-Surface Recharge Systems Require Careful Planning

By: Sean P. Donlon, Cory A. Cormier and Bryan P. Strohman
Stormwater management can be a challenging, complex task for developers, especially in urban areas.

CEO on Leadership: Adrian G. Washington, Founder and CEO, Neighborhood Development Co.

By: Ron Derven
The leader of this Washington, D.C.-based firm talks about the challenges of growing his company into a multifamily developer of affordable and market-rate housing and commercial projects.

The Assembly Builds on the Past

By: Sami Proctor
An adaptive-reuse project in Pittsburgh transforms a historically significant manufacturing facility into high-tech lab space.

RELATED RESEARCH AND PUBLICATIONS

Office Space Demand Forecast, Second Quarter 2025

By: Hany Guirguis, Ph.D., Manhattan University and Joshua Harris, Ph.D., CRE, CAIA, Fordham University
The national market for office space continued to rebound with a fourth consecutive quarter of positive net absorption. First-quarter absorption totaled 5.6 million square feet, which followed 7.3 million square feet absorbed in the fourth quarter of 2024. The nationwide vacancy rate remained at 11.8%. Rates of remote and hybrid work have plateaued, and the corresponding structural shift in office demand is already largely reflected in current leasing.

Succession Planning for Commercial Real Estate Firms

By: Cory Bultinck, CPA, MBT and Alex Bratty, Ph.D., MBA
The NAIOP Research Foundation commissioned this study to explore the challenges and opportunities associated with succession planning for CRE firms. The study draws on Wipfli’s experience advising firms on succession planning and interviews with CRE professionals at various stages of the succession planning process who represent a broad cross-section of CRE firms.

Industrial Space Demand Forecast, First Quarter 2025

By: Hany Guirguis, Ph.D., Manhattan College and Joshua Harris, Ph.D., Fordham University
In the second half of 2024, U.S. industrial net absorption totaled 96.9 million square feet, bringing the annual total to just 170.8 million square feet. This is the lowest annual rate since 2011, as long-term interest rates remained elevated despite the Federal Reserve’s initial cuts to the federal funds rate.

PERSPECTIVES

CEO on Leadership: Adrian G. Washington, Founder and CEO, Neighborhood Development Co.

By: Ron Derven
The leader of this Washington, D.C.-based firm talks about the challenges of growing his company into a multifamily developer of affordable and market-rate housing and commercial projects.

From the Editor: Two Steps Forward, One Step Back

By: Jennifer LeFurgy
Return to the workplace for some has been delayed, yet the office sector continues to rebound, with absorption inching toward the positive.

Getting to Know New Chair Jeff Milanaik

By: Jeff Milanaik
I’m excited to lead NAIOP in 2022, and I look forward to meeting so many of you as I visit chapters this year.

NAIOP Chapter Merit Awards Salute Outstanding Efforts and Individuals

By: Trey Barrineau
Education, membership, advocacy and special events were among the programs honored in 2021.

The Most Valuable Asset: Expanding the CRE Talent Pool

By: Rochelle Broder-Singer
There are many ways to identify and recruit new workers for the industry.

ADDITIONAL ARTICLES

U.S. Ports Anchor Growing Demand for Industrial Space in Select Markets

By: Shawn Moura, Ph.D.
A new NAIOP research brief examines the relationship between imports and site selection for logistics centers.

New & Noteworthy

By: Trey Barrineau
An assortment of brief facts and figures about new and noteworthy development projects.

Transit-Oriented Housing Fills a Need in the Boston Region

By: Mike Henehan
A new development will provide easy access to commuter rail.

Navigating Construction Risk in Uncertain Times

By: Chase Callaway
Getting back to basics can solve problems before they appear.

The New Office is Outdoors

By: Michael Howell
In Atlanta, a project connects with nature and the surrounding community.

ARCHIVED ISSUES

View All Archived Issues
Spring25ArchiveImage Spring 2025 Issue

The spring 2025 issue offers insights about where the office market might be heading over the coming year, explores the complexities of mission critical development, and provides detailed looks at two transformative mixed-use projects: The Bowl at Ballantyne in Charlotte and Baltimore Peninsula in Maryland.
Cover1ArchiveImage Winter 2024/2025 Issue

Development magazine’s winter issue delves into the evolving uses of artificial intelligence in the commercial real estate industry, from lease management and building operations to portfolio assessment and data analysis.  
ArchiveCoverCrescent Fall 2024 Issue

Development magazine’s Fall issue profiles Crescent Communities, explores the growing impact of spaceport real estate around Houston and along Florida’s Space Coast, the commitment to prioritize employee well-being and environmental stewardship in the design of REI Co-op’s latest distribution center, and the innovations involved in the development of EVE (Electric Vehicle Enclave) Park in London, Ontario.

 
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