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Fall 2020 Issue

office of the future

Rethinking Real Estate: The Office of the Future

By: Ron Derven

Safety, health and wellness in buildings and workplaces may become as important over the next 10 years as LEED certification has been over the past decade.      

ecommerce

Industrial Emerges from Pandemic in Relatively Good Health

By: Trey Barrineau, Kathryn Hamilton, Shawn Moura, Ph.D., Marie Ruff and Brielle Scott

Panelists at NAIOP’s I.CON Virtual 2020 shared good news about the sector’s resilience.      

video conferencing tools

Doing CRE During a Crisis: Remote Work, New Technologies

By: Trey Barrineau, Daniel Levison and Turner Levison

COVID-19 is forcing the industry to embrace teleworking and a wide array of digital tools.      

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Must-Read Articles

construction project

Construction Uncertainty Continues as Pandemic Persists

By: Ken Simonson
The outlook remains hazy as COVID-19's broad impacts disrupt the country.
cold storage

Cold Storage Can Be Complex and Costly

By: Brielle Scott
However, surging demand could lead to greater investment in the near future.
mixed use development

There's Opportunity at the Office Park

By: Ray Kimsey
COVID-19 could spur greater interest in transforming suburban office parks into mixed-use developments.
finance

CRE Financing Transitions from LIBOR

By: Lisa Pendergast
SOFR, the new U.S. dollar replacement rate, differs in crucial ways from its longstanding forerunner.
mass timber construction

A Mass-Timber Building Rises in San Francisco

By: Alice Devine
Engineered wood products provide a strong yet light alternative to concrete and steel.
truck parking

Parking: The Long-Distance Truck Driver’s Prayer

By: Robert T. Dunphy
Demand for truck parking exceeds supply in many parts of the country.

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.

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.

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.

Perspectives

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CEO on Leadership: Kimberly Sherman Stamler, President, Related Beal

By: Ron Derven
The leader of this Boston real estate firm talks about the COVID-19 pandemic and shares other perspectives on the industry.

NAIOP's Visionaries Graduate to Governors

By: Trey Barrineau
Six members of the inaugural group assume greater responsibilities for shaping the association’s Research Foundation.

Four Students Receive NAIOP Diversity Student Scholarships

By: Hannah Buckles
This year's scholarships were awarded to commercial real estate graduate students from backgrounds that have been traditionally underrepresented in the industry.

#WFH Now, But We’ll Return to the Office

By: Larry Lance
Overnight, the “where” and “how” of work completely changed for many of us.

Additional Articles

How to Fight Excessive Property Taxes During COVID-19

By: J. Kieran Jennings and Greg Hart
Cash-strapped municipalities may look to extract more revenue from commercial properties.
public art as real property

The Tax Benefits of Turning Art into Real Property

By: Daniel Pessar
Proposed regulations could help developments financially as well as aesthetically.

Building Urban Streets from Scratch in Pittsburgh

By: Todd Stern
Hazelwood Green’s Lytle Street showcases a rare opportunity for developers to use newer technologies that ease traffic and boost walkability.
ADA office accessibility

Improved Office Accessibility Can Benefit Everyone

By: Brian Collins
A broader definition of “disability” makes the workplace easier to navigate for all employees.

Not Your Father's Mall Anymore

By: Shawn Moura, Ph.D.
Developers are unlocking the value of old retail centers by adding new uses, from charter schools to distribution centers.
mixed-use Boston

Future-Proofing Through Design: Resiliency in Boston's Seaport District

By: Joe Sirkovich
The Ora mixed-use project features elements that aim to mitigate flooding.
new and noteworthy

New & Noteworthy Projects

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

Democrats Unveil Blueprint for a Green Economy

By: Alex Ford
The “Solving the Climate Crisis” report is ambitious, and its impacts could be far-reaching.
finance negotiation

Don't Wait to Comply with ASC 842

By: Bart Waldeck
New accounting standard requires many types of leases to be added to corporate balance sheets.
finance

Opportunity Zone Updates: 2020 and Beyond

By: Daniel Pessar
Recent clarifications didn’t significantly change the law, but investors should be aware of these modifications.

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