CommercialEdge: Office Starts Slump in Gateway Markets, Advance in Sunbelt
- November 11, 2022
CommercialEdge's October office report explains that office starts slumped in gateway markets, but advanced in the Sunbelt.
Converting existing buildings to new uses is a growing trend in commercial real estate. A session during NAIOP’s CRE.Converge 2022 in Chicago this week profiled three projects that provide valuable insights into successful conversions. The Curtis, Philadelphia In 2014, Keystone Development acquired The Curtis, an iconic 12-story office building in Philadelphia, with the goal of […]
At CRE.Converge 2022 this week, panelists Patti Miller, vice president at E.E. Reed Construction; Michael Anderson, senior project manager at DLR Group; Keith Largay, senior managing director and Chicago office co-head at JLL; and Carolyn Salzer, director and head of Americas logistics and industrial research at Cushman and Wakefield discussed current trends in goods distribution […]
NAIOP 2022 Chair Jeff Milanaik shared this message with the board of directors during the Annual Meeting, held at CRE.Converge 2022 in Chicago. It has been edited for clarity and length. What a year it has been! We knew from the beginning that 2022 was going to be a rebuilding year for the economy as […]
While some economic indicators, including employment numbers, consumer confidence and inflation appear to be trending positively, the commercial real estate market is still contending with the challenges of the past two years. The once-booming office sector in Chicago and the surrounding suburbs was hit particularly hard; many companies have been slow to transition employees back […]
Two and a half years into the COVID-19 pandemic, the office sector is still experiencing high vacancy rates and declining listing rates. Coworking spaces, on the other hand, are making a comeback after seeing their usage swiftly drop with the onset of the pandemic. As office-using business sectors adopt long-term work-from-home and hybrid models, coworking […]
Remote work has become the norm for many employees since the beginning of the COVID-19 pandemic, with no indication that full-time office attendance will return anytime soon – if ever again. The ongoing labor shortage compels companies to adapt their work-from-home policies to recruit and retain top talent. In a recent NAIOP webinar, experts from […]
Two and a half years after the pandemic began, the short-term future for the office sector remains uncertain, with record vacancy rates adding to the industry’s woes, according to a recent office report from CommericalEdge. And as hybrid and work-from-home business models continue to take hold — and rising inflation rates further deter workers from […]
