Market Share

The Official Blog for Commercial Real Estate

Tag: post-COVID-19

AI and AR buildings

The Promise of AI: Transforming the Construction Industry

The potential for artificial intelligence (AI) to transform businesses, industries and society has been mounting for decades, but recent advancements have moved the science from niche to mainstream. The technology’s proficiency in writing, drawing, coding and composing has driven corporate leaders to consider both the opportunities and threats that AI presents for their future. For commercial real estate, it’s clear that strategically embracing AI could transform the sector.

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Voting

State Elections Are Important to Commercial Development

The political battle over the presidency and the control of both chambers on Capitol Hill is expected to garner most of the attention of the national media this year. While the outcome of these campaigns will have significant implications on policy debates at the national level, they should not overshadow or minimize the important political races for control of state legislatures and gubernatorial offices across the country. The outcome of these more-grassroots races in comparison to control of state capitols may be more reflective of the policies of importance to the American people.

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2023 changing to 2024

Market Share’s Most Popular Posts of 2023

Major themes dominating the attention of commercial real estate development professionals in 2023 included capital markets, financing and industry outlooks, according to the most-read Market Share posts this year. While concerns about usage of office space persist, blog readers were also drawn to posts about industrial real estate – again, often where industrial real estate intersected with capital markets. Read on for the top 10 and catch up on any pieces you missed.

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Capitol building

Steadfast Advocacy Remains Critical in a Difficult Congress

As 2023 comes to a close and we look ahead to the challenges facing commercial real estate in 2024, it is clear that persistent advocacy on the public policy front will be more important than ever to ensure that the interests of NAIOP members are protected. This is true of course at the state and local level, but it is at the federal level, where government gridlock has been most on display, that maintaining our strong advocacy will be critical.

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Capitol building

Congress Avoids Government Shutdown but Must-Pass Legislation Remains

For the first December in recent years, Congress is no longer facing a government shutdown deadline. Prior to the Thanksgiving recess, Congress approved a two-tiered appropriations package. This “laddered” approach primarily funds domestic programs (such as housing, agriculture, transportation and infrastructure) until Jan. 19, 2024, and the remaining programs, including defense and homeland security, until Feb. 2, 2024. Year-end 2023 is not without its share of must-pass legislation, however.

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Woodlawn Central rendering

Being Heard: Developing from the Inside Out

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.

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Texas State Capitol

NAIOP Hosts Texas State Summit

NAIOP hosted a Texas summit meeting in Dallas last week for members of our Austin, Houston, and North Texas chapters to discuss the major issues facing the industry in the state. The summit provided members with the opportunity to engage in discussions on major trends and topics of importance to NAIOP and the commercial real estate industry.

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Car wash

Time to Shine: Niche Real Estate Investors Eye Car Washes

As a retail real estate specialist for more than three decades, I’ve seen many trends come and go. And now, I’m seeing that niche real estate investors – who historically operate with a bit of herd mentality – have crowned the car wash industry the latest investment darling. The evolution of the car wash industry and the resulting uptick in interest from investors, developers and operators alike has been fascinating to watch.

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