As we begin to leave the worst of the pandemic behind us, optimism and enthusiasm are rising along with the temperatures. The economy is rebounding, personal savings levels are at an all-time high and unemployment levels continue to fall.
Increased vaccination rates will inject more spending and activity such as travel and in-person dining and shopping. Industrial and residential markets lead the way while the future of office demand is in flux. Some companies are switching to all-remote work, while others will implement hybrid situations or business as usual with everyone back in the office by fall.
Speaking of being back together this fall, I hope you can join us for what promises to be a terrific in-person meeting: CRE.Converge in Miami Beach, Florida, September 26-29.
Enjoy your summer,
Jennifer LeFurgy, Ph.D
In This Issue:
- With the COVID-19 pandemic starting to fade, here are eight crucial takeaways for the commercial real estate industry as it begins to adjust to a new normal.
- The fast-growing laboratory sciences sector can be complex to navigate for developers. Here’s a primer on what goes into building labs.
- The 2021 NAREIM Diversity & Inclusion Survey shows some progress in diversity efforts in real estate investment management, but a lot of work remains to be done.
- The commercial real estate industry faces unique challenges when it comes to designing workplace vaccination programs.
- Costs for construction materials keep climbing amid shortages and supply-chain issues, creating a Lemony Snicket-like “series of unfortunate events.”
- The rapid rise of e-commerce grocery fulfillment during the pandemic forced the commercial real estate industry to adapt quickly to meet soaring demand.
- The NAIOP Research Foundation recently commissioned an index that allows real estate professionals to compare development-approvals processes in different jurisdictions.
- Monumental staircases in buildings can inspire greater interaction, reduce energy costs, and improve employee health and fitness.
- When it comes to spec vs. build-to-suit projects, young, growing businesses might lean toward spec buildings; older, established firms could favor build-to-suits.
- A development near Chicago shows the potential for hybrid facilities where offices, warehouse space and manufacturing operations exist under one roof.
- A new framework for mitigating disease in the office focuses on air quality, changing behaviors and building occupant trust.
- Development magazine sits down to chat with Jean Kane, CEO of Colliers International-Minneapolis/St. Paul and 2014 NAIOP national chair.
- President Biden’s 10-year, $2.65 trillion infrastructure plan goes far beyond “roads and bridges” and would impact many industries, including commercial real estate.
- Modern facilities require strong internet connections to help tenants conduct business and to power the growing trend of investments in smart building technologies.of activating common areas in older retail destinations.
- Joint-venture investment structures are becoming more common in commercial real estate because they can diversify risk.
Future NAIOP Events
- I.CON West 2021: The Industrial Conference, August 31-September 1, Long Beach, California
- CRE.Converge, September 27-29, Miami Beach, Florida
- I.CON East 2021: The Industrial Conference, November 11-12, Jersey City, New Jersey
Visit NAIOP events
Most Popular From Spring 2021
1. “How to Create a Superior Rail-Served Industrial Property”
2. “Life Sciences Boom Sparks Design Innovations for Commercial Buildings”
3. “How a Fully Remote Team Can Manage Large Construction Projects”
4. “Measuring the Impact of Smart Building Technology Investments”
5. “The Vaccines are Here. What Happens Next?”