As part of the commercial real estate industry, the life science market is dwarfed by its industrial sibling. Where the latter comprises 14 billion square feet of developed space nationwide, the life science sector includes 150 million square feet. It may be a niche segment, but it’s drawing outsized interest from private investors and federal […]
To address its ongoing talent shortage, the commercial real estate industry must look outside of traditional recruiting avenues and consider people with nontraditional career paths. Ten years ago, great employees seemed much easier to find – an organization might find three excellent candidates for any one open position. Today, it can feel like there are […]
The fallout from the pandemic and resulting economic chaos remain challenges for developers, property owners and managers, tenants and their employees. They also provide a critical lesson in resilience. “Resilience is a muscle, and like our biceps, if we don’t work them and exercise them, then they won’t grow,” said Kristin Jensen, AIA, principal and […]
The post-pandemic construction boom has taken many forms. E-commerce and big box retailers are developing across the country, while at the same time, construction projects that were postponed during the pandemic have resumed. However, the lack of workforce at manufacturing facilities last year combined with the high demand for materials have led to price increases and lead-time […]
After a decade of emerging markets and economies dominating the global market, the tipping point has arrived: growth will begin to balance going forward. In his keynote remarks at CRE.Converge this week, Mark Zandi, chief economist, Moody’s Analytics, and co-founder, Moody’s Economy.com, explained why the stage is set for a U.S. turnaround as growth begins […]
South Florida is a major hub for logistics operations thanks to its proximity to busy ports. In 2020, PortMiami loaded about 1.1 million TEUs (20-foot equivalent units, 20-foot-long cargo containers). That represented a total of 9.7 million tons of cargo. Port Everglades in Fort Lauderdale handled about 945,000 TEUs in 2020 – about 5.7 million […]
The following remarks were shared by 2022 Chair Jeff Milanaik during the association’s annual meeting at CRE.Converge 2021, where 2021 Chair Molly Ryan Carson officially passed the gavel to next year’s leadership. It has been edited for clarity and length. Milanaik will formally begin this role on Jan. 1. When the NAIOP nominating committee asked […]
Property values are soaring, and interest rates are at near-record lows. It’s no wonder many commercial property owners are considering selling their assets to take advantage of one of the strongest sellers’ markets in recent history. Much like preparing to sell a home, commercial properties need to be appealing to potential buyers. But unlike your […]
Democrats in Congress are currently debating President Joe Biden’s $3.5 trillion human infrastructure plan which will probably include one of the largest tax increases in generations. Both Republicans and Democrats know that this will be a major issue in next year’s midterm elections, with Republicans expecting it will benefit them politically. While votes taken by […]
The emergence of the COVID-19 Delta variant has played an important part in delaying some planned returns to the office. However, many businesses have been well equipped to adapt to the continually shifting economic environment. While some companies are pushing reopening dates later in the fall or to next year, other firms (such as United […]
