The office market is still struggling with high interest rates and increased levels of remote work, producing a tough lending environment and frozen deals on the sales side, and generous concessions and terms that favor tenants in leasing. That said, there are glimmers of hope.
As investors and occupiers look to improve the sustainability of their investments and operations, decarbonizing the built environment is an increasingly important real estate decision. In a panel at CRE.Converge, sustainable building professionals explored some of the strategies their firms are using to mitigate carbon emissions across their industrial real estate portfolios.
Experts at CRE.Converge discussed the current landscape of commercial real estate loans throughout different sectors, such as multifamily, retail, and office spaces.
With the increasing push to return to the office, employers and developers are tasked with sweetening the deal for current and future employees in the office and industrial markets. Promises of increased collaboration with the return to in-person work aren’t enough of an incentive. Now, workers across industries expect more when physically in the office.
At NAIOP’s CRE.Converge this week in Seattle, Amazon Vice President for Worldwide Real Estate Daniel Mallory sat down for an in-depth chat with Jean Kane, former CEO of Colliers International-Minneapolis St. Paul and the incoming chair of the NAIOP Research Foundation. Kane asked Mallory about his perspectives on everything from the company’s sustainability efforts to today’s market challenges to future workforces and beyond.
NAIOP’s industrial conferences are known for exceptional information from leading experts in
addition to invaluable networking. Read on for key takeaways from I.CON Cold Storage 2023, NAIOP’s
first cold storage conference.
“Less than 2% of industrial space today is cold storage, and it probably needs to be at 15%. We’re not even in the first inning,” opened economist KC Conway in a keynote session at NAIOP’s I.CON Cold Storage. Using the analogy of peeling back an onion, Conway identified four cold storage and capital markets “layers” to “see what makes us sweat and what makes us cry.”
At I.CON Cold Storage, attendees had the opportunity to hear from four very different cold storage end users who shared their decision-making criteria, key priorities and needs for cold storage facilities today. “Cold storage is far from a catchall,” noted Chris Cummings, partner with OnPace Cold. “There’s a ton of variability in terms of temperatures, design, layout and requirements for each user.”
Cold storage is a niche asset class with relatively few players compared to traditional industrial space. To share their perspectives on how investment, development and operational decisions are made for this specialized asset class, five experts took the stage at NAIOP’s I.CON Cold Storage this week in Atlanta.
To help Gen Zers identify cities that align with their priorities, CommercialCafe analyzed major U.S. cities across a variety of key metrics. These included the Gen Z population share, educational attainment, affordability, eco-friendly commuting and park density. The results of this analysis created a comprehensive guide for Gen Zers who are looking for a city that values community, cost-effectiveness and sustainability.
