As the availability of readily developable land decreases, brownfields – former industrial sites and other properties that may be contaminated – are attracting more attention from developers in the U.S. and Canada. These sites, typically located in urban areas with well-developed transportation infrastructure, are potentially attractive targets for redevelopment to new uses, but often require regulatory support or public subsidies to overcome the additional costs and risks associated with environmental remediation.

The Fall 2022 issue of Development magazine features a cover story on NAIOP’s Developer of the Year, Granite Properties. Other articles include a look at an adaptive-reuse project in Chicago that has transformed a salt storage facility into a concert venue, and two articles about the future of the office in the aftermath of the pandemic.

Former industrial sites and other properties that may be contaminated – commonly called brownfields – can be viable targets for redevelopment, however the costs and risks associated with environmental remediation often make these projects challenging. The NAIOP Research Foundation commissioned this brief to offer insights into the key considerations that guide sustainable brownfield redevelopment.

A report released by the NAIOP Research Foundation found that the commercial real estate industry in Canada generated $278.4 billion in economic activity in 2021 and projected that the underpinning Canadian economy will remain strong through 2022.

Let us know your areas of expertise and what topics you're most interested in learning about at I.CON conferences in 2023 by Oct. 14.

The NAIOP Research Foundation commissioned this report to examine the economic benefits of commercial construction across four distinct CRE asset classes, namely industrial, retail and entertainment, office, and multifamily housing during 2021. The report also describes the benefits of commercial brokerage, property management and landlord operations.

Hediyeh Sadeghein, CPA, has been named chief financial officer for NAIOP, the Commercial Real Estate Development Association.

The industrial real estate market showed signs of slowing after an unprecedented expansion, according to the latest NAIOP Industrial Space Demand Forecast, released today.

The forecast authors, Drs. Hany Guirguis and Michael Seiler, expect the still-hot industrial market to cool, and predict that the net absorption rate will continue to decline until it returns to the pre-pandemic trend. Read the full report from the NAIOP Research Foundation.

For more than a decade, NAIOP has successfully opposed various proposals to alter the tax treatment of carried interests, or “promotes” as they are known in real estate. The proposal was dropped from the Inflation Reduction Act of 2022 before the legislation was brought up for floor debate.

NAIOP, the Commercial Real Estate Development Association, has selected seven professionals to receive its prestigious 2022 Developing Leaders Award. The annual award honors exceptional professionals under the age of 35 for their outstanding professional accomplishments, strong leadership and significant community involvement. The winners will be recognized during NAIOP's CRE.Converge 2022, Oct. 10-12, in Chicago.

Jennifer LeFurgy, Ph.D., has been named executive director of the NAIOP Research Foundation. She will set the overall strategic direction for the Foundation, collaborating with the Foundation’s board of trustees and governors to identify trends and select research related to trends and opportunities in commercial real estate. 

Shaine Anderson has been named NAIOP Executive Vice President and Chief Operating Officer, effective July 1.

NAIOP, the Commercial Real Estate Development Association, has released a new on-demand course, "Private Equity Fund Structure and Management.”

The summer 2022 issue of Development magazine includes a feature on office-to-industrial conversions, a case study of a cold storage project near a major East Coast port, a look at the challenges around last-mile fulfillment, and a retrospective on the remarkable career of NAIOP President and CEO Thomas J. Bisacquino, who is retiring this summer.

NAIOP, the Commercial Real Estate Development Association, has selected Granite Properties as the 2022 Developer of the Year – the association’s highest honor. The award will be presented during NAIOP’s CRE.Converge conference in Chicago this October.

A new report published by the NAIOP Research Foundation finds that the pandemic and the e-commerce trends that preexisted it have led to a dramatic confluence of the industrial and retail real estate sectors.

The NAIOP Research Foundation commissioned this report to examine three trends related to this convergence: the conversion of shopping centers to distribution centers, adding distribution uses to existing retail buildings, and the development of mixed-use properties that include both distribution and retail.

Companies that are seeking top-tier, or Class A, office space are now leading a stabilization of the commercial office real estate market after the shock of the pandemic, according to the newest NAIOP Office Space Demand Forecast, published by the NAIOP Research Foundation.

The U.S. office market absorbed 21.6 million square feet across the last quarter of 2021 and the first quarter of 2022. Office market vacancy rates increased for the 10th straight quarter to start the year, but a look inside the numbers reveals that the completion of new office product is partially responsible.

NAIOP Chair Jeff Milanaik is pleased to announce that Marc Selvitelli, CAE, has been named NAIOP President and CEO, effective July 1. 

The spring edition of the NAIOP CRE Sentiment Index reveals that sentiment is down slightly from fall 2021, but still suggests improving conditions for the industry over the next 12 months.

Source: The NAIOP CRE Sentiment Index
Spring 2022

The NAIOP CRE Sentiment Index for April 2022 is 53, down slightly from September 2021, and below the pre-pandemic range. However, this reading still indicates that respondents expect conditions for commercial real estate to improve slightly over the next 12 months.

The NAIOP Research Foundation has released a new research brief: "Findings from the Development Approvals Index." This brief provides an overview of these initial results and outlines examples of how the resulting information may be useful to both developers and jurisdictions.

The NAIOP Research Foundation released The Development Approvals Index: A New Tool to Evaluate Local Approvals Processes (the Index). The Index provides a systematic method to evaluate and compare approvals processes in different jurisdictions objectively (e.g., without the use of opinion surveys or based on the experiences of a particular individual).

NAIOP, the Commercial Real Estate Development Association, has released a new on-demand course, “Fundamentals of Adaptive Reuse.” Learners will have the opportunity to gain an understanding of the adaptive reuse approach, methods for evaluating whether an adaptive reuse project is worth pursuing, crucial steps of the due diligence phase, the key players that make up an effective project team, and the funding available for financing these types of projects. The course explores each step in the adaptive reuse process, outlines common challenges and solutions and evaluates diverse adaptive reuse projects through real-world case studies.

NAIOP, the Commercial Real Estate Development Association, has announced six recipients of its annual Diversity Student Scholarship. The scholarship program supports students who are pursuing a degree in commercial real estate and is a key component of the association’s pledge to advance diversity in the industry.

Life science facilities require both laboratory and office spaces, with plenty of room for collaboration. Regulations on the municipal and state levels add complexity, and site selection is key to these facilities' success.

The global supply chain was affected by the pandemic, reshaping the ways retailers sold materials and shoppers consumed goods.

In light of recent port congestion and supply chain issues, the NAIOP Research Foundation commissioned a research brief, authored by Avison Young data experts, that explores how closely industrial demand is tied to trends in port activity.

This research brief, authored by Avison Young, reviews historical trends in port activity, local logistics employment, and vacancies, rents and absorption rates in adjacent industrial markets. Building on observations from the historical data, a regression analysis of the relationship between changes in port activity, truck traffic and industrial space absorption demonstrates that changes in import volume have a substantial effect on occupancy in port markets.

The Spring 2022 issue of Development magazine features a cover story on the redevelopment of a 1980s-era office building into a high-end apartment complex. Other features look at the development of a tire-storage facility in Indiana, large-scale multilevel industrial buildings, and the NAIOP Research Foundation’s annual report.

 A new report from the NAIOP Research Foundation predicts that as the pandemic has increased office vacancy rates, a rising need for medical, life science and multifamily spaces offers a solution.

The NAIOP Research Foundation commissioned this report to evaluate the risks and opportunities associated with office building conversions. The author conducted a review of recent publications and market data on office conversions and interviewed developers, architects and other commercial real estate professionals to provide an overview of the key considerations that go into converting an office building to a life science, medical office or multifamily use.

Ten individuals have been selected as the recipients of the annual NAIOP and Prologis Inclusion in CRE Scholarship for Women and Underrepresented Professionals.

The challenges of the pandemic are changing how we think about work and the workplace going forward. "Work" and "place" have been decoupled, and work can happen anywhere.

The industrial real estate market will continue to experience record levels of absorption through 2022 and 2023, according to theQ1 2022 NAIOP Industrial Space Demand Forecast.

Authors Dr. Hany Guirguis and Dr. Michael Seiler forecast that the total net absorption of industrial space in 2022 will be 401.4 million square feet with a quarterly average of 100.4 million square feet. In 2023, the projected net absorption is 334.1 million square feet with a quarterly average of 83.5 million square feet.

Review our 2021 accomplishments and see what's in store for the association in 2022 in this annual report video.

Cold storage buildings are complex, from varying temperature zones to innovative technologies. Learn how the buildings shape, size and location play a role in its success, and discover how developers can capitalize on this in-demand sector, presented expert Cameron Trefry, LEED AP, principal, Ware Malcomb.

The impact of new commercial real estate development and of the ongoing operations of existing commercial real estate buildings in the United States continues to grow, according to the annual Economic Impacts of Commercial Real Estate, 2022 U.S. Edition, research study conducted by the NAIOP Research Foundation.

Development and construction of new commercial real estate in the United States – office, industrial, warehouse and retail – generates significant economic growth at the state and national levels. This annual study, published by the NAIOP Research Foundation, measures the contribution to GDP, salaries and wages generated and jobs supported from the development and operations of commercial real estate.

Nominations are now being accepted for the 2022 Developer of the Year Award – NAIOP's highest honor.

A new research brief published by the NAIOP Research Foundation reveals the reasons that tertiary markets favor local developers and why smaller industrial markets are attracting more interest from institutional investors.

Watch a short video and get to know Jeff Milanaik, 2022 NAIOP chair, and hear his outlook for NAIOP and the commercial real estate industry.

The Winter 2021/2022 issue of Development magazine features a cover story on brownfields redevelopment. Other articles include a look at the global supply chain, the challenges of building for sustainability and promoting diversity in undergraduate and graduate real estate programs.

This research brief draws from a survey of NAIOP members and interviews with developers in tertiary markets such as Western Michigan and Southwest Missouri to examine these differences and their implications for developers and investors.

Best Practices in Cold Storage Facility Development provides practical information for developers, designers, tenants and anyone else interested in knowing more about approaches to build-to-suit and speculative projects.

A demand forecast by the NAIOP Research Foundation is projecting a strong resurgence of the U.S. office commercial real estate market through 2023.

Although office net absorption remained negative throughout 2021, it is gradually climbing toward the positive side of the scale. Total net absorption in the third quarter of 2021 was -5.2 million square feet, back from a near record of -34.8 million square feet at the end of the first quarter of 2021.

The NAIOP Research Foundation has developed a two-dimensional model for evaluating and comparing metropolitan office and industrial markets that simultaneously evaluates multiple market characteristics such as size and risk, avoiding some of the limitations of traditional one-dimensional market rankings.

NAIOP, which has created a commercial real estate industry Sentiment Index, reports that sentiment has increased from April and returned to pre-pandemic levels, according to the results from the Fall 2021 survey.

The Fall 2021 issue of Development magazine features a cover story on NAIOP’s Developer of the Year, Hudson Pacific Properties. Other articles cover second-tier cities and the growth in senior living, and there is a Q&A with author Joel Garreau for the 30^th anniversary of the publication of his influential book “Edge City.”

A new NAIOP Research Foundation report by Maria Sicola, Charles Warren, Ph.D., and Megan Weiner builds on last year’s report on market tier and ranking systems by describing a two-dimensional approach to evaluating and comparing commercial real estate markets. The report examines 15 years of market data to test multiple two-dimensional models for evaluating the 50 largest industrial and office markets in the United States.

Connect CRE article previews a keynote address at I.CON West: The Industrial Conference, Aug. 31-Sept. 1, in Long Beach, California.

Demand for industrial real estate continues to be strong as the long-term trend toward e-commerce (and away from in-store sales) continues with no end in sight. With nearly 100 million new square feet delivered nationally since the beginning of the year, 450 million square feet currently under construction and another 450 million planned, the demand for industrial real estate still outpaces supply.

The summer 2021 issue of Development magazine includes a look at a mass-timber project in Milwaukee, eight key takeaways for CRE as it recovers from the pandemic, tips for developing laboratory properties, and a look at manufacturing reshoring efforts in the U.S.

NAIOP, the Commercial Real Estate Development Association, has selected Hudson Pacific Properties as the 2021 Developer of the Year – the association’s highest honor. The award will be presented during NAIOP’s CRE.Converge conference in Miami Beach this September.

The NAIOP Research Foundation has announced the addition of two new Distinguished Fellows. The Foundation’s Distinguished Fellows program engages leading commercial real estate, economic and public policy experts, helping to bridge the practicing commercial real estate and academic communities.

In its Office Space Demand Forecast released today, NAIOP is projecting a return to positive absorption of office space in the fourth quarter of 2021.

Improving economic conditions have led to an improvement in the NAIOP CRE Sentiment Index, indicating both overall optimism and several ongoing concerns.

The American Society of Business Publication Editors recently awarded NAIOP four awards in the annual Azbee Awards of Excellence for the Mid-Atlantic region. NAIOP received a gold, two silvers and a bronze for Development magazine and the Market Share blog. Check out any award-winning pieces you missed!

Four recipients of its annual Diversity Student Scholarships. The scholarship program supports students who are pursuing a graduate degree in commercial real estate and is a key component of the association’s pledge to advance diversity in the industry.

Ten individuals have been selected as the recipients of the fourth annual NAIOP and Prologis Inclusion in CRE Scholarship for Women and Underrepresented Professionals. The program is designed to prepare a pipeline of women and minorities for development and operations positions in commercial real estate by connecting them with mentors and advancing their industry knowledge.

A NAIOP Research Foundation report released today identifies how technology is making an impact on construction, an industry that had been historically slow to embrace innovation.

The NAIOP Research Foundation commissioned this report to explore emerging construction technologies and their implications for the construction and real estate development industries. The authors draw from interviews with researchers and industry practitioners to evaluate the current benefits and limitations of new technologies.

The Spring 2021 issue of Development magazine features a cover story on creating superior rail-served industrial facilities. Other features look at how COVID-19 vaccines will affect the commercial real estate industry, a case study of an adaptive-reuse project in Portland, Oregon, and the NAIOP Research Foundation's Annual Report.

Your company's participation in the 2021 NAIOP Commercial Real Estate Compensation Survey will help shape the future of commercial real estate. Survey respondents at the overall company level will receive a complimentary electronic copy of the full comprehensive survey report – a $2,500 value!

The NAIOP Research Foundation commissioned the creation of an index that compares development approvals processes in different jurisdictions so that developers can make more informed investment decisions and local governments can benchmark their processes against neighboring jurisdictions.

Total net absorption in 2021 is forecast to be 314.9 million square feet with a quarterly average of 78.7 million square feet.

Respondents to a NAIOP tracking survey of the pandemic’s impact on commercial real estate indicate improving rent collection rates, increased industrial investment activity, and a more positive outlook for employment in their firms. Fewer respondents now expect the pandemic will continue to significantly affect their business operations 12 months from now.

NAIOP honored 11 chapters and seven individuals during the annual Chapter Merit Awards, held as part of the 2021 virtual Chapter Leadership & Legislative Retreat.

New development of commercial real estate and of the ongoing operations of existing commercial real estate buildings in the United States – office, industrial, warehouse and retail – supported 8 million American jobs, contributed $1.01 trillion to the U.S. GDP in 2020, and generated $338.1 billion in personal earnings – according to “Economic Impacts of Commercial Real Estate, 2021 U.S. Edition,” a study released this week by the NAIOP Research Foundation.

Watch NAIOP's State of the Association to hear a recap of 2020, preview NAIOP's legislative priorities, and learn what’s next for the association as we journey through 2021.

Development and construction of new commercial real estate in the United States – office, industrial, warehouse and retail – generates significant economic growth at the state and national levels. This annual study, published by the NAIOP Research Foundation, measures the contribution to GDP, salaries and wages generated and jobs supported from the development and operations of commercial real estate.

NAIOP honored 14 chapters and nine individuals as part of the annual Chapter Merit Awards.

Meet Molly Carson, NAIOP's 2021 chair, and learn her plans for the year.