Office

Office

suburban office parks

Profiles in the Evolution of Suburban Office Parks

By: Dustin C. Read, Ph.D./J.D.
August 21, 2019

The NAIOP Research Foundation commissioned this report to identify ways that firms are revitalizing suburban office parks through redevelopment, rehabilitation and adaptive reuse. The author interviewed five developers who have recently updated suburban office parks in the United States and Canada to learn how they made these properties relevant for today’s market.

beacons sensors

Beacons and Sensors in Commercial Real Estate

By: NAIOP Research Foundation
December 06, 2018

This brief provides an overview of some of the ways that simple, tiny, affordable and ubiquitous sensors are being used in commercial real estate settings. It addresses radio-frequency identification, geofencing, beacon technology, and WELL™ and RESET™ technologies, and it concludes with the broader challenges associated with using networked digital data-collection systems.

Office Space Demand 4Q 2019 Cover

Office Space Demand Forecast

By: Hany Guirguis, Ph.D., and Joshua Harris, Ph.D., CRE, CAIA
November 18, 2019

The U.S. office market continues to perform as expected, with an average of 14.7 million square feet absorbed per quarter in 2019. Overall employment growth remains steady and is especially robust in the key office-using sector of Professional and Business Services, according to the U.S. Department of Labor’s Bureau of Labor Statistics.

big data puzzle

The Office Property and Big Data Puzzle: Putting the Pieces Together

By: Kimberly Winson-Geideman, Ph.D., Senior Lecturer, Property, University of Melbourne, Melbourne School of Design, Parkville, Victoria, Australia
August 31, 2018

The use of big data offers great potential, while it also presents challenges. This white paper seeks to define big data and to identify some of the obstacles and opportunities associated with it in the context of managing office properties. It includes a general overview of the topic as well as examples of how property managers are collecting and analyzing data within their office properties.

Terms and Definitions

By: Maria Sicola, CEO, Integrity Data Solutions, LLC
April 25, 2017

The 2017 edition of NAIOP’s terms and definitions remains the place to turn to for standardized of industry terminology.

Activating Office Building Common Space

Activating Office Building Common Spaces for Competitive Advantage

By: Richard B. Peiser, Ph.D. and Raymond G. Torto, Ph.D., Harvard University, Graduate School of Design, Cambridge, Massachusetts
November 08, 2017

To remain competitive and accelerate lease up, office building owners are enlivening their buildings with common area amenities and programming.

Preferred Office Locations

Preferred Office Locations: Comparing Location Preferences and Performance of Office Space in CBDs, Suburban Vibrant Centers and Suburban Areas

By: Emil Malizia
November 07, 2014

Where do today’s office tenants want to be located? This comprehensive study, which combines expert opinion and accurate property-level data, provides reliable information about emerging location preferences across major U.S. office markets and the comparative performance of office space in CBDs, suburban vibrant centers — defined as amenity-rich, mixed-use, “live, work, play” locations — and typical single-use suburban areas.

Workbar Cambridge

Workplace Innovation Today: The Coworking Center

By: Andrea P. Foertsch, Founder, Disruptive Space; Principal, Melrose Real Estate Strategies; Visiting Lecturer, Baker Program in Real Estate, Cornell University
January 16, 2014

Picture an office filled with people. But imagine that some of them are freelance writers, graphic designers, programmers and app developers; others are teleworkers; still others are in the process of forming startup companies or working for very small firms. The office may simply be a large room where people work at couches, tables and bench desks, or it may contain carrels, cubicles, private offices and even classrooms or auditoriums. What is this place? It is a coworking center.

Spatial Penetration and Performance of LEED Ratings Certification

Spatial Penetration and Performance of LEED Ratings & Certification Levels Among Office Buildings

By: Dr. Sofia Dermisi, Roosevelt University
April 01, 2011

This paper focuses on class A and B office buildings across the U.S. with 50,000 square feet or more and has a threefold goal: i) provide an overview of the office building distribution among the ratings and certification levels from the inception of the USGBC until today; ii) examine the spatial penetration of the ratings and certification levels across the mainland U.S. states and iii) examine closely the rent and vacancy performance of LEED-EB before and after their designation while controlling for the latest financial crisis.

Commercial Office Market and the Markup for Full Service Leases

The Commercial Office Market and the Markup for Full Service Leases

By: Jonathan A. Wiley and Thomas M. Springer, Clemson University
April 01, 2011

Because landlords assume all of the operating expense risk, rents for gross leases exceed those for triple-net leases. The markup for gross leases varies between properties and across markets. In this study, we develop a theory explaining the spread between gross and triple-net rents for office space across urban markets.

Rooftop Revenue by use of Energy Harvesting

Rooftop Revenue: Making Underutilized Space Profitable Through Energy Harvesting

By: Marci DeVries, Soleil Solar
August 01, 2010

This white paper helps owners/developers make a decision about which (if any) energy-harvesting devices to install on their properties. Commercial real estate property owners will find a wealth of information on installations, maintenance, reliability and financial returns.

Effect of Past Crises on US Downtown Office Property

Effect of Past Crises on US Downtown Office Property Income and Expenses

By: Dr. Sofia Dermisi, Roosevelt University
April 01, 2010

Economic, real estate, oil and other crises can cause significant lack of confidence and recessions, which eventually affect office markets. This paper studies past crises and their effects on downtown office market trends across the U.S. and is pivotal in the estimation of current short and medium-term market responses.

Going Green - Tips Tools and Examples

Going Green: Tips, Tools and Examples from the Field

By: Abigail C. Johnson, Abacus Property Solutions
March 01, 2009

This research report identified various green strategies that can be used to improve the sustainability of a building while still meeting return-on-investment objectives. Included in the report are recommendations concerning: vehicular pavement; pedestrian pavement; irrigation; windows; roof; HVAC; and interior lighting.

Predictors of Commercial Real Estate Development

Predictors of Commercial Real Estate Development

By: Andrew G. Mueller and Dr. Glenn R. Mueller, University of Denver
January 01, 2009

This research identified the economic indicators that drive new development of commercial real estate for each property type at the national and MSA level. These indicators will help with forecasting: future demand for space and leasing; competition in specific markets and across property types; and more accurate feasibility studies for future projects.

Assessing Key Employment Trends

Assessing Key Employment Trends Driving Commercial Real Estate Development

By: Dr. Donald Jud, University of North Carolina at Greensboro
September 01, 2009

This report explains the relationship between key employment trends and the demand for office and industrial space. Drawing on Bureau of Labor Statistics data from 2000-2009, the research indicated: central-city counties vs. metropolitan fringe counties, the effect of the recession beginning in 2007 and factors influencing change in growth patterns.

Commercial Real Estate in a Flat World

Commercial Real Estate in a Flat World

By: David Pearce Snyder
November 01, 2007

This research examined how infomating, outsourcing, home-basing, off-shoring/in-shoring, e-learning and e-tailing - can be expected to impact the staffing and facilities (and ultimately, the demand for space) of five major classes of enterprise in the five sustainable markets: retail trade; professional, scientific and technical services; employment services; finance, insurance and banking; and transportation and warehousing.

Value Property Premium: Is It Risker?

By: Kwame Addae-Dapaah, National University of Singapore and Paul Asabere, Temple University
April 01, 2008

This study revisits the value property premium anomaly by premising analysis on Tokyo office property market data from 1997Q1 to 2007Q3; which shows that property investors could substantially improve their portfolio performance by investing in value office properties.