As the second day of NAIOP’s CRE.Converge neared a close in Las Vegas, attendees had an opportunity to learn a bit about the city that will host next year’s conference: Toronto.
NAIOP hosted a regional summit last week in Salt Lake City for members from our Mountain West chapters to discuss the major challenges facing commercial real estate in the region. The summit provided members from Arizona, Colorado, Idaho, Nevada, New Mexico and Utah with an opportunity to have substantive and engaging discussions on major trends and other topics of importance to the industry.
Cold storage has a significant lack of existing inventory, and these buildings are traditionally located outside of major urban areas. Now, cold storage occupiers are turning to speculative buildings despite the higher price tag.
A recent StorageCafe survey found that about a fifth of Americans (18%) are currently renting storage space and an additional 14% plan to do so in the future. This ongoing engagement is boosted by the widening of the industry’s customer base during recent years, with more businesses and different types of people now discovering the service’s advantages. These clients include younger renters, more vehicle owners, and greater numbers in regions experiencing growing populations.
If real estate developers overlook or fail to adequately engage with a community’s unique needs and historical context, the effects can be deleterious. The most effective developments get to the heart of resolving economic disparities and transforming lives. These developers treat community members as true partners, not bystanders or obstacles. Even for developers with the best intentions, this is easier said than done.
More and more Americans are moving to a different state, often to one inland and less densely populated but with great real estate options, according to a recent study. The highest net migration is seen in Idaho, Montana and Vermont, plus Maine and other states offering plenty of space and housing, a trend that fuels the local real estate sectors.
Geopolitical strategist Peter Zeihan combines an expert understanding of demography, economics, energy, politics, technology and security to help clients best prepare for an uncertain future. At NAIOP’s CRE.Converge last week in Seattle, attendees had an opportunity to hear from him at the closing keynote.
Painting a picture of the current global economic climate is a complex venture, but Reva Goujon, director at Rhodium Group, leveraged her vast geopolitical expertise to do so at NAIOP’s Chapter Leadership and Legislative Retreat this week in Washington, D.C.