The flexible model is rapidly expanding beyond the office market. Read the Cover Story

Spring 2020 Issue

logistics center

Integrating WELL into Industrial Properties

By: Heath Abramsohn

A brownfield redevelopment project in New Jersey showcases a first-of-its-kind warehouse that aims to meet exacting environmental standards.      

multilevel industrial

From Horizontal to Vertical: Industrial Intensification Grows Up

By: Eric Aderneck

Multistory industrial facilities illustrate innovative strategies for areas with a constrained supply of land.      

boston development

Boston: A 'Living City' Transforms Once Again

By: Aaron Jodka

The city has experienced a building boom during the latest cycle, and even more development is on the horizon.      

NAIOP 2020 research report

Cutting-edge Research That Has an Impact

By: Various

The NAIOP Research Foundation's annual report highlights the relevant studies, activities and deep dives to come in 2020 and beyond.      

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Download the Spring 2020 Issue of Development

Download a PDF version of the Spring 2020 Issue of Development.      

Must-Read Articles

prologis labs

Prologis Labs: An Experiment in Innovation

By: Dustin Read and Alex Rollins
The company’s new research facility takes a deep dive into cutting-edge logistics technologies.
cre converge presentation

WeWork and Airbnb: A Tale of Two Disruptors

By: Dror Poleg
The companies represent different approaches to the future of real estate, and their success or failure will offer important lessons to landlords.
cold storage facility

The Cold Storage Market is Heating Up

By: Trey Barrineau
Surging demand for e-commerce grocery deliveries could spark more construction of refrigerated facilities.
office move

An Office Move Doesn't Have to Mean Lost Productivity

Advanced planning, aided by technology, can ease the relocation process for tenants.
real estate as a service

Real Estate as a Service: What Developers/Owners Need to Know

By: Michael Kloppenburg
Real Estate as a Service: What Developers/Owners Need to Know

Related Research and Publications

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.

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.

Perspectives

View All Perspectives

CEO on Leadership: Dennis Clarke, Chairman and CEO, Cummings Properties

By: Ron Derven
The leader of this Massachusetts commercial real estate firm offers his perspectives on the industry and discusses his company as it celebrates 50 years in the business.

NAIOPs Chapter Merit Awards Honor Outstanding Programs and Individuals

By: Trey Barrineau
Recognition goes to exceptional leadership and impressive local efforts in education, special events, membership and legislative advocacy.

A Young Professionals Group Makes Its Mark

By: Pamela Westhoff
NAIOP Southern California reflects on the 15-year anniversary of a successful professional development and leadership program.

NAIOP Membership Reaches 20,000

By: Jennifer LeFurgy
NAIOP has always felt like a community — and it just got bigger.

Meet NAIOP's 20,000th Member

By: Trey Barrineau
The face behind the association’s latest milestone is an American-born Canadian citizen who is involved in Vancouver’s retail market.

Worth Repeating

By: Various
Sound bites from NAIOP’s Chapter Leadership and Legislative Retreat (CLLR), held February 3-5 in Washington, D.C.:

Getting to Know the Chairman

By: Larry Lance
As chairman, I plan to provide strategic leadership to our chapter and volunteer leaders, encouraging them to use the systems and tremendous resources we have in place.

Additional Articles

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

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.
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.

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.
new and noteworthy

New & Noteworthy Projects

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

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.

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.

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