America faces a multipronged real estate crisis. We have a stubborn residential housing shortage, high office vacancy rates, and flight from many downtown hubs that is killing off businesses servicing those areas. Converting office towers into housing could solve multiple problems at once.
“There’s a really exciting trend emerging in hiring and compensation that’s going to accelerate throughout 2023,” opened Chris Lee, CEO of CEL & Associates, during a recent NAIOP webinar. “It’s the blending together of the quantitative – the numbers, compensation and bonuses – and the qualitative – workplace environment and benefits.”
With all signs pointing to an economic recession – presumably arriving midyear or Q3 – how can the commercial real estate community best plan for this event, which asset classes will be particularly hard hit, and what silver linings and opportunities will be available to savvy investors and progressive companies? Offering their insights and perspectives on this topic are Anirban Basu, chairman and CEO of Sage Policy Group and Jennifer LeFurgy, Ph.D., vice president of knowledge and research for NAIOP.
Experts dug into the data behind labor and workforce trends in California’s Inland Empire and the surrounding regions, one of the most competitive labor markets for distribution and manufacturing workers in the western U.S., during a session at NAIOP’s I.CON West in Long Beach, California. However, alternative markets like Phoenix and Las Vegas/Reno could provide valuable options outside of the Inland Empire, especially when considering total cost modeling.
With global instability and supply chain challenges in recent years, there has been an increased impetus to bring manufacturing back
A panel of experts gathered at NAIOP’s I.CON West in Long Beach, California, to discuss the fast-growing industrial market in
The industrial real estate market has been on fire, but this still-hot sector is expected to cool, according to the
Challenges abound as industrial owners and operators set aggressive targets to reduce emissions and tackle ESG goals. A panel of experts discussed their progress toward net zero and shared some best practices during NAIOP’s I.CON West in Long Beach, California.
“The Inland Empire is arguably the most dynamic industrial market in the country,” said Patrick Daniels, co-founder/Chief Executive Officer, CapRock Partners LLC, during a session at NAIOP’s I.CON West in Long Beach, California. He and John Condas, partner, Allen Matkins, discussed how industrial developments can coexist with suburban residential neighborhoods.
“Technology is going to be among the most important things that impacts the industrial sector,” began Rebecca Rockey, economist and global head of economic analysis and forecasting at Cushman & Wakefield, at I.CON West’s keynote session this week in Long Beach, California. “The industrial sector stands to be the first industry to experience that adaptation as the nature of our economy and demographics change.”