The largest and best-known “edge city” in the U.S. is being transformed into a more walkable urban center. Read the Cover Story

Summer 2018 Issue

manufacturing space

The Evolving Automotive Industry: Detroit Meets Silicon Valley

By: Michael E. Karp, Cushman & Wakefield

Electrification, artificial intelligence, autonomy and mobility services are having big impacts on the Bay Area commercial real estate market.      

distribution center

395 Pedricktown Road: Tailored Improvements For a Specialized Tenant

By: John Seelmeyer

A speculative building in southwest New Jersey incorporates specialized systems to control spills and fire protection requirements for storage of liquid petroleum products.      

apartment building

The Distillery North: Passive House Apartments in South Boston

By: Michelle Apigian, AIA, Icon Architecture

The largest Passive House project in Massachusetts offers lessons for developers seeking to reduce energy use and operating costs.      

Must-Read Articles

Finance image

Construction Costs Outlook

By: Ken Simonson, Associated General Contractors of America
Steel yourself for higher materials costs.
coworking

Coworking Spaces With Child Care Services

By: Camille Galdes
A new type of coworking center is emerging to meet the needs of parents with part-time or flexible work schedules and child care needs.
movie theater

Amenity-rich Movie Theaters as Anchor Tenants

By: Amanda Tran and Adrienne Schmitz
As cinemas become popular anchors for retail and mixed-use developments, they are generating more foot traffic and creating synergies with other tenants.
finance graph

Setting Up a Private Equity Real Estate Fund, Part 2

By: Jan A. deRoos, Ph.D., Cornell University, and Shaun Bond, Ph.D., University of Cincinnati
What securities laws govern private equity real estate funds, and what factors must fund sponsors take into account when operating one?
sustainable living public space

Mixing It Up in Midtown Houston

By: Kirsten Cornell, Walter P Moore
Houston’s new Midtown Park offers a wide array of amenities, plus an underground parking garage, coupled with sustainability.
semi-automated parking

Automated Parking Comes to the US

By: Scott Gable, CityLift Parking
While automated parking facilities are commonplace in Germany, Japan and China, they are gaining momentum in North America.

Related Research and Publications

Office Space Demand Forecast, Second Quarter 2021

By: Hany Guirguis, Ph.D., Manhattan College and Michael J. Seiler, DBA, William & Mary and the University of Cambridge Research Foundation
Increasing COVID-19 vaccination rates and strong economic growth will help demand for office space rebound, with a return to positive net absorption forecast for the fourth quarter of 2021. Quarterly net absorption in 2022 is forecast to average 11.7 million square feet, in line with the 2015-2019 quarterly average of 11.6 million square feet.

Industrial Space Demand Forecast, Third Quarter 2021

By: Hany Guirguis, Ph.D., Manhattan College and Michael J. Seiler, DBA, William & Mary Research Foundation
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.

A Two-Dimensional Approach to Evaluating Commercial Real Estate Markets

By: Maria Sicola, Charles Warren, PhD, and Megan Weiner, CityStream Solutions, LLC Research Foundation
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.

Perspectives

View All Perspectives

CEO on Leadership: Larry Heard, CEO, Transwestern

By: Ron Derven, contributing editor
The president of this Houston, Texas-based commercial real estate services, investment management and development firm offers his perspective on the industry.

Capstone Candidates in the C-suite

By: Mary McCarthy, Terra Search Partners
Older, experienced professionals can add tremendous value to a CRE company.

Building a More Diverse Future CRE Workforce

By: Courtney Bulger
New NAIOP-sponsored educational programs enable gifted and talented minority teens to explore careers in commercial real estate.

Last-mile Fulfillment

By: Jim Neyer
Same-day delivery expectations for nearly every online purchase, including groceries, are driving real estate space demand and the increased use of robotics and other technologies that get goods into the hands of consumers more quickly and efficiently.

Additional Articles

What Lies Ahead for Commercial Real Estate, Part 2

By: Bill Hunt, Elmhurst Group
A look at some of the trends presenting challenges and creating opportunities for CRE.

A Hurricane Survival Guide

By: Hans Brindley, Liberty Property Trust
Almost a year later, Liberty Property Trust looks back at the impact of Hurricane Harvey.

Attracting Local Retailers to Office Buildings

By: A-P Hurd, Skip Stone
Bringing in an independent coffee or sandwich shop rather than a national chain can mean extra work for a developer, but it can also make for livelier lobbies and streetscapes.

The Legal Risks of Crowdfunding

By: John Amabile and Brian Cromwell, Parker Poe
Understanding the risks involved in crowdfunding will help real estate professionals make the most of the opportunities presented by this “engine of change.”

Transitioning Toward the Autonomous Vehicle

By: Audra Capas
Partially automated cars are already here, and will soon begin to have major impacts on commercial real estate, particularly parking infrastructure.

California Groups Seek Property Tax Hikes

By: Kevin Ivey, NAIOP So Cal Chapter, KPRS Construction
A ballot initiative could remove Proposition 13’s protections for commercial property.

New & Noteworthy

By: Julie D. Stern, Managing Editor, Development
An assortment of brief facts and figures about new and noteworthy development projects.

Research Foundation Report

This research report provides the real estate development community with insight into current and future trends in building and logistics technologies and their implications for industrial real estate. Available Now!

Evolution of the Warehouse Report