This sector of industrial was booming even before the pandemic, and future demand is expected to soar even higher. Read the Cover Story

Winter 2020/2021 Issue

life sciences

Life Sciences Real Estate Surges Amid Pandemic

By: Trey Barrineau

Investment pours into the sector as the world seeks vaccines and treatments for COVID-19.      

office tenant leases

A Difficult Forecast for Commercial Real Estate

By: Trey Barrineau

The COVID-19 pandemic and its impacts were major topics during the NAIOP Research Foundation’s National Research Directors Meeting in September.      

retail sales

Opportunities in a Post-Pandemic World

By: Marie Ruff, Betsy Russo, Linda Strowbridge, Brielle Scott

Discussions at NAIOP’s CRE.Converge Virtual 2020 revealed optimism for the future despite current challenges.      

Must-Read Articles

CRE professionals

Commercial Real Estate Professionals Faced a Challenging Year

By: Christopher Lee
Compensation survey reveals that difficult decisions lie ahead for firms regarding pay, benefits and staffing levels.
BIM modeling

Standardization and Panelization in Multifamily Housing

By: Hill Pierce and Carl Malcolm
These high-tech construction techniques can save time and money on projects.
smart sensors

How IoT Can Help Create Safer Workplaces During COVID-19 and Beyond

By: Mark Milligan
Data gathered by smart sensors can provide actionable information to guide social distancing, sanitizing and more.
commercial lease

What to Do When Commercial Leases End Up in Bankruptcy

By: Gary M. Kaplan and Gregory B. Shean
The COVID-19 pandemic is forcing many businesses to close, leaving landlords in the lurch.
transit rail

Public Transit During COVID-19: Essential Service for Essential People

By: Robert T. Dunphy
Safety on trains and buses will be a critical concern for cities in the foreseeable future.
Canada covid-19 response

The Canadian Response to the COVID-19 Pandemic

By: Rebecca Askew, Natalie Dash and Anand Pye
The government acted rapidly to prop up the economy, including supports for rent and personal income.
transit oriented development

Riverwalk San Diego: From Golf Course to Mixed-Use Development

By: Jennifer Whitelaw
A transit-oriented project aims to create a village in the center of the city.
CRE construction

Nonresidential Construction Outlook Darkens

By: Ken Simonson
A “second wave” of pandemic-related trouble looms on the horizon.

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.

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.

Perspectives

View All Perspectives

CEO on Leadership: Steve Martin, Owner, SDM Partners

By: Ron Derven
The head of this Atlanta-based real estate firm offers his perspectives on running a small office-acquisitions and asset-management company and the leadership lessons learned as NAIOP’s national chair in 2015.

Chapter Profile: NAIOP of Florida

By: Trey Barrineau
This coalition of five chapters across the state sees growth continuing despite the pandemic.

CREW Benchmark Study: Still a Long Way to Go Toward Diversity, Equity and Inclusion

By: Jennifer LeFurgy, Ph.D.
Women and other traditionally underrepresented groups in commercial real estate earn less than their white, male counterparts.

Hear From NAIOP's Developing Leaders Awardees

By: Marie Ruff
Outstanding 35-and-under members see opportunities in the current crisis.

Navigating This Unprecedented Year

By: Larry Lance
Within a matter of days, we were providing critical information to our members and have continued to do so over the past nine months.

From the Editor: Challenges Continue Into a New Year

By: Jennifer LeFurgy
While the industrial sector continues to do well thanks to e-commerce demand, retail is struggling, and the office sector faces an adjustment.

Additional Articles

vacant unoccupied

‘Vacant’ vs. ‘Unoccupied’: When it Comes to Insurance, They’re Not the Same Thing

By: James “Chip” Stuart
Temporary building closures can put businesses at risk of losing their coverage.
KPMG Training Center

KPMG's New Training Center Showcases Offsite Construction

By: Bob da Silva and Bill Flemming
Modular components helped bring the facility online faster.
new and noteworthy

New & Noteworthy Projects

An assortment of brief facts and figures about new and noteworthy development projects.
property damage

First Coronavirus, Now Civil Unrest: Be Prepared

By: James “Chip” Stuart and David Chmiel
Weeks of rioting across the U.S. this summer caused up to $1 billion in property damage.
vacant super Target store

From Vacant Super Target Store to Vertical Farm

By: Mary Ingram-Schatz
An automated vegetable-growing process offers a creative solution for filling empty big-box stores.
data center

Four Moves Data Centers are Making in Turbulent Times

By: Thomas “TJ” Ciccone
COVID-19 forced owners and operators to adapt and adjust.
future of warehouse

The Future of the Warehouse Takes Shape

By: Shawn Moura, Ph.D.
New technologies are accelerating the evolution of industrial real estate.
in person gatherings

Keeping Company Culture During COVID-19

By: Alice Devine
Virtual tools can help maintain camaraderie and connectedness.

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