Office

Activating Office Building Common Spaces for Competitive Advantage

Activating Office Building Common Spaces

To remain competitive and accelerate lease up, office building owners are enlivening their buildings with common area amenities and programming.

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Terms and Definitions

The 2017 edition of NAIOP’s terms and definitions remains the place to turn to for standardized of industry terminology.

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Office Space Demand Forecast

Office Space Demand Q42017

The NAIOP Office Space Demand Forecast gives an efficient, accurate forecast of future and current conditions in the U.S. office real estate market for use by NAIOP members and the real estate community. The report helps to define linkages between economic and industrial sector activity and the demand for office real estate.

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Preferred Office Locations: Comparing Location Preferences and Performance of Office Space in CBDs, Suburban Vibrant Centers and Suburban Areas

Preferred Office Locations

Where do today’s office tenants want to be located? This comprehensive study, which combines expert opinion and accurate property-level data, provides reliable information about emerging location preferences across major U.S. office markets and the comparative performance of office space in CBDs, suburban vibrant centers — defined as amenity-rich, mixed-use, “live, work, play” locations — and typical single-use suburban areas.

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Workplace Innovation Today: The Coworking Center

Workbar Cambridge

Picture an office filled with people. But imagine that some of them are freelance writers, graphic designers, programmers and app developers; others are teleworkers; still others are in the process of forming startup companies or working for very small firms. The office may simply be a large room where people work at couches, tables and bench desks, or it may contain carrels, cubicles, private offices and even classrooms or auditoriums. What is this place? It is a coworking center.

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Spatial Penetration and Performance of LEED Ratings & Certification Levels Among Office Buildings

Spatial Penetration and Performance of LEED Ratings Certification

This paper focuses on class A and B office buildings across the U.S. with 50,000 square feet or more and has a threefold goal: i) provide an overview of the office building distribution among the ratings and certification levels from the inception of the USGBC until today; ii) examine the spatial penetration of the ratings and certification levels across the mainland U.S. states and iii) examine closely the rent and vacancy performance of LEED-EB before and after their designation while controlling for the latest financial crisis.

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The Commercial Office Market and the Markup for Full Service Leases

Commercial Office Market and the Markup for Full Service Leases

Because landlords assume all of the operating expense risk, rents for gross leases exceed those for triple-net leases. The markup for gross leases varies between properties and across markets. In this study, we develop a theory explaining the spread between gross and triple-net rents for office space across urban markets. A multi-stage model is developed with the first stage estimating triple-net rent through its proposed determinants. Stage 2 uses the estimated coefficients from the triple-net rent equations to generate expected rents for gross leases with which we estimate the gross rent markup for each property.

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Rooftop Revenue: Making Underutilized Space Profitable Through Energy Harvesting

Rooftop Revenue by use of Energy Harvesting

This white paper helps owners/developers make a decision about which (if any) energy-harvesting devices to install on their properties. Commercial real estate property owners will find a wealth of information on installations, maintenance, reliability and financial returns.

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Effect of Past Crises on US Downtown Office Property Income and Expenses

Effect of Past Crises on US Downtown Office Property

Economic, real estate, oil and other crises can cause significant lack of confidence and recessions, which eventually affect office markets. This paper studies past crises and their effects on downtown office market trends across the U.S. and is pivotal in the estimation of current short and medium-term market responses.

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Going Green: Tips, Tools and Examples from the Field

Going Green - Tips Tools and Examples

This research report identified various green strategies that can be used to improve the sustainability of a building while still meeting return-on-investment objectives. Included in the report are recommendations concerning: vehicular pavement; pedestrian pavement; irrigation; windows; roof; HVAC; and interior lighting.

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Predictors of Commercial Real Estate Development

Predictors of Commercial Real Estate Development

This research identified the economic indicators that drive new development of commercial real estate for each property type at the national and MSA level. These indicators will help with forecasting: future demand for space and leasing; competition in specific markets and across property types; and more accurate feasibility studies for future projects.

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Assessing Key Employment Trends Driving Commercial Real Estate Development

Assessing Key Employment Trends

This report explains the relationship between key employment trends and the demand for office and industrial space. Drawing on Bureau of Labor Statistics data from 2000-2009, the research indicated: central-city counties vs. metropolitan fringe counties, the effect of the recession beginning in 2007 and factors influencing change in growth patterns.

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Commercial Real Estate in a Flat World

Commercial Real Estate in a Flat World

This research examined how infomating, outsourcing, home-basing, off-shoring/in-shoring, e-learning and e-tailing - can be expected to impact the staffing and facilities (and ultimately, the demand for space) of five major classes of enterprise in the five sustainable markets: retail trade; professional, scientific and technical services; employment services; finance, insurance and banking; and transportation and warehousing.

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Value Property Premium: Is It Risker?

This study revisits the value property premium anomaly by premising analysis on Tokyo office property market data from 1997Q1 to 2007Q3; which shows that property investors could substantially improve their portfolio performance by investing in value office properties.

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