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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

Using Capital Improvements to Create Competitive Advantage in the COVID-19 Era

By: Dustin C. Read, Ph.D./J.D., Associate Professor, Virginia Tech and Sam Kuprianov, undergraduate Real Estate major, Virginia Tech Research Foundation
This brief evaluates the merits of frequently discussed capital investments and their potential to create durable competitive advantages. It draws from an analysis of recent coverage in commercial real estate trade publications, as well as conversations with seven industry practitioners that took place in June 2020.

Working Together as a Team: Negotiating With Tenants and Leasing Space During COVID-19

By: Shawn Moura, Ph.D., Director of Research, NAIOP Research Foundation
This research brief draws from interviews with brokers and building owners, news sources, NAIOP webinars, and NAIOP survey data to identify best practices for triaging office and industrial tenant requests, offering reasonable accommodations to those tenants who need short-term assistance, and responding to uncooperative tenants. The brief also examines how owners are adapting the ways they show and lease space to new tenant preferences and safety expectations.

Industrial Space Demand Forecast, Third Quarter 2020

By: Dr. Hany Guirguis, Manhattan College and Dr. Timothy Savage, New York University Research Foundation
Although industrial real estate has outperformed other commercial property types this year due to a surge in e-commerce, broader macroeconomic indicators suggest industrial space absorption will decline sharply in Q3 2020 and then rebound to positive levels in Q2 2021.

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.

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 brief provides an overview of best practices in improving safety against the coronavirus for building owners and employers. It focuses on immediate measures to improve building safety. Available Now!

Navigating a Safe Return to Work