How advancements in transportation, technology and construction continue to converge. Read the Cover Story

Winter 2019/2020 Issue

Cambridge firehouse

Preparing a Large Property Portfolio for the Future

By: Chris Kelly

Cambridge, Massachusetts, has launched an ambitious program to update its historic public buildings.      

research

What's on the Horizon for Commercial Real Estate?

By: Shawn Moura, Ph.D.

In October, NAIOP gathered national research directors for an in-depth discussion of city rankings, the future of coworking and other vital topics.      

finance

Commercial Real Estate's Economic Environment Has Been Nearly Perfect

By: Anirban Basu

Inflation and unemployment remain low, but how long will these conditions last?      

Must-Read Articles

labor shortages

Workforce Woes Threaten Project Pricing, Timelines

By: Ken Simonson
Labor shortages affect 81% of contractors across the U.S. — and they don’t see the problem improving any time soon.
smart building

District Center: A Downtown D.C. Office Reborn as a Smart Building

By: Trey Barrineau
A 1990s-era workplace has been reinvented with technology to boost the tenant experience.
smart building

When Wellness Meets Commercial Real Estate

By: Alice Devine
New research indicates a healthier indoor environment can help attract and retain employees — and make properties more attractive to investors.
research report

Breathing New Life into Old Office Parks

By: Shawn Moura, Ph.D.
By adding new uses and amenities, older properties can be remade into magnets for younger skilled workers.
mixed-use development

At Optimist Hall, Things are Looking Up

By: Anthony Paletta
An adaptive-reuse project in North Carolina showcases the appealing possibilities of older industrial buildings.

Related Research and Publications

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.

Office Space Demand Forecast, Fourth Quarter 2021

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

How the Other Half Builds: Small-Scale Development in Tertiary Markets

By: Shawn Moura, Ph.D., Director of Research, NAIOP Research Foundation
Real estate development and ownership in smaller markets differs from development and ownership in larger markets in ways that tend to deter large regional or national developers and favor local developers. 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.

Perspectives

View All Perspectives

CEO on Leadership: Lawrence R. Armstrong, CEO, Ware Malcomb

By: Ron Derven
The head of this international integrated design services firm offers his perspective on the industry and what’s ahead for his company.

NAIOP's 2019 Developing Leaders Award Recipients Discuss Big Wins and Simple Pleasures

By: Marie Ruff
Outstanding young members share what’s gratifying about the commercial real estate industry.

"Worth Repeating"

By: Various
Sound bites from NAIOP’s CRE.Converge, held October 14-17, 2019, in Los Angeles:

Chapter Profile: NAIOP Northern Nevada

By: Trey Barrineau
Reno and the nearby region is known for casinos and resorts, but developers are also betting on a wide range of properties in this fast-growing area.

From the Editor: Cautious Optimism Going into 2020

By: Jennifer LeFurgy, Ph.D.
In what has been the longest economic expansion since such records began in 1854, commercial real estate experienced tremendous gains, especially within the industrial and multifamily sectors.

Thank You for a Great Year as Chairman

By: Greg Fuller
Sharing our wisdom and war stories is a meaningful way to help shape the industry for decades to come.

Additional Articles

Are 'Seamless' Floors a Smooth Choice for Industrial Properties?

By: Kevin MacDonald
They can ease movement inside facilities, but they also come with design challenges.
beer garden

Solving the Pop-Up Puzzle: Tips for Owners and Short-Term Tenants

By: David Schneider and Herman Lipkis
There are a lot of reasons for developers to embrace these temporary spaces, but due diligence is required.

Fully Autonomous Vehicles Are in the Distance, But Now is the Time to Prepare

By: Elizabeth von Goeler and Alykhan Mohamed
Sooner or later, real estate will have to adapt to this fast-gaining transportation revolution.

Liquor License Policies Can Boost Real Estate Growth

By: Rich Tucker
NAIOP chapters seek to loosen Prohibition-era restrictions.
landscape architecture

Landscape Architecture Can Help Reboot the Suburban Office Park

By: James Heroux
Activated outdoor spaces boost employee engagement and well-being.
new and noteworthy

New & Noteworthy

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

Designing a Workspace for Software Engineers

By: Matt Ayres
Detailed input helped Microsoft move from a one-size-fits-all approach to one that works for this critical group of employees.
lagoon

A Unique Water Feature for Any Climate, Any City

By: Alec Templeton
Artificial lagoons can bring white sand beaches to surprising locations.

Research Foundation Report

The NAIOP Research Foundation asked the authors of the 2020 report to develop an alternative model for evaluating commercial real estate markets that uses a two-dimensional analysis to simultaneously evaluate multiple market characteristics such as size and risk. Available Now!

A Two-Dimensional Approach to Evaluating Commercial Real Estate Markets