Owners and developers of commercial real estate recognize that obtaining local building permits is an essential and fundamental requirement for the development and improvement of their properties. The processes for obtaining these permits vary by municipality and state. These variations lead to uncertainties and delays in projects moving forward, which impacts the development project’s financing, cost […]
The world of real estate has experienced an unprecedented level of disruption. There are changes to traditional service and business models, changing expectations of the workplace, and a heightened imperative to focus on safety, health and wellbeing. Touchless technology, social distancing sensors and other tools are key to bringing people back to the office safely. […]
What serves as the foundation for a great city? While answers may vary depending on who you ask (“Great noodle shops!” “A bus system that is actually on time.” “Cultural diversity and inclusivity!”), there are some common factors that can provide guidance for developers, community planners and other city stakeholders who are looking to attract […]
In June, NAIOP conducted its eighth survey of its U.S. members on the impacts of COVID-19. Since April 2020, the association has examined the pandemic’s effects on commercial real estate and how firms have responded. Most American adults are vaccinated, and daily coronavirus case counts have plummeted in the five months since the previous survey. […]
NAIOP of North Carolina recently hosted the first in-person Day at the State Capitol since the outbreak of the pandemic. It provided NAIOP members from the Charlotte, North Carolina Piedmont Triad, and Raleigh-Durham chapters with the opportunity to advocate for effective policies that advance commercial real estate development within the state. This year’s legislative priorities […]
Last week, commercial real estate property data and listings platform CommercialEdge published its most recent national office report, which paints a more current picture of office sector activity across the top 50 U.S. markets. Data analyzed for the June 2021 report found that: The average office lease rate was up 0.4% year over year, as […]
The COVID-19 pandemic interrupted a nearly 12-year growth cycle for the senior housing market, causing a drop in valuations to an eight-year low. Stabilized occupancy rates also fell to record lows due to infections, mandated holds on new resident admissions, safety concerns, and isolation fears. Rents, however, continued to rise, despite significant occupancy losses. In addition, […]
Formerly a military officer in the U.S. Navy, Peter Shearer, a recipient of NAIOP’s 2020 Developing Leaders Award, followed an uncommon path to becoming a commercial real estate professional. Among his many volunteer efforts, he now works to help other men and women transitioning from the military to new careers. Shearer is known for his […]
With U.S. coronavirus cases plunging and knowledge workers craving the social component of the workplace, many companies across the country are fully reopening their offices to employees. Some companies took the opportunity to renovate or update their workspace during the lockdown periods of the pandemic, and others are planning significant design changes to prepare for […]
As the son of a carpenter, Anthony Rinaldi, a recipient of NAIOP’s 2020 Developing Leaders Award, said he grew up on job sites, leading to an enduring fascination with real estate. He became interested in the financial side of the business and pursued a Bachelor of Science degree in real estate finance at New York […]
