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 […]
In the movie Apollo 13, there is moment when NASA engineers are arguing over what they need to do to save the lives of the astronauts in their capsule, which had been damaged by an explosion. In that scene, NASA engineer John Aaron realizes that the crew will not make it back safely because they […]
As more and more Americans get vaccinated, the U.S. job market continues its recovery. The number of weekly unemployment claims continues to drop. Seasonally adjusted data released on June 3 by the U.S. Department of Labor showed that jobless claims fell below 400,000 for the first time since March 2020. In April, employment across office-using […]
