Despite widespread predictions that the COVID-19 pandemic would put an end to office buildings, construction has persisted — albeit at a reduced rate. While ground was broken on 86.4 million square feet of new supply in 2019, the number dipped to 58.4 million in 2020 and crept up to 63.1 million in 2021. In March, […]
According to property research and listing service CommercialEdge, 592.5 million square feet of industrial space was under construction as of March 2022, with another 600 million in the planning stages. With demand driven by online retail and growing logistical needs at a global level, industrial has become one of the superstars of commercial real estate, […]
Now that pandemic regulations have expired across the U.S., many companies are calling employees back to work. In the meantime, return-to-office techniques have changed dramatically in the last year, thereby ushering in a new era for the sector. In particular, the emergence of hybrid work arrangements has contributed to an increase in demand for high-quality […]
“What’s happening in the economy overall is complex,” said Christopher Thornberg, Ph.D., founding partner of Beacon Economics and keynote speaker at NAIOP’s I.CON West: The Industrial Conference this week in Long Beach, California. “Fourth quarter 2021 GDP [gross domestic product] was 6.9% and February unemployment was 3.8%.” Those numbers look good, he said, but tell […]
The need for cold storage facilities has exploded as e-commerce sales and grocery delivery demands multiplied during the last few years. Most cold storage facilities primarily handle food preparation or transit as products move toward consumers, but they can also be used for pharmaceutical, floral and chemical needs, among others, and frequently require varying temperature […]
Prior to the rise of e-commerce, industrial real estate was among the asset classes most immune to change. However, thanks to the rising logistical needs of retailers, increasingly specialized production methods and global supply chain issues, the industrial market has been significantly transformed in the last decade, with an increasingly large volume of industrial real […]
Images of office buildings usually portray those in a city — dense, glass-covered skyscrapers in the heart of a metropolis. But the majority of office buildings built in the last 20 years were actually in the suburbs. Using data provided by CommercialEdge, COMMERCIALCafé compared where office properties have been constructed since 2002 — in suburban […]
In summer 2021, the office market was gearing up for a much-anticipated return to the office in the fall as a result of widespread optimism owing to efficient COVID-19 vaccine rollouts and falling case counts. However, the emergence and subsequent ascent of the delta and omicron variants threw a wrench in return-to-office scenarios as companies […]
