Economy

Economy

Forging

Forging the Future: Manufacturing Growth and Its Effects on North American Industrial Markets

By: Lisa DeNight and Elizabeth Berthelette
February 1, 2024

The NAIOP Research Foundation commissioned this report to examine the trends behind reshoring and nearshoring and to evaluate how related investments in manufacturing are affecting North American markets for industrial real estate and its two largest components: warehousing/logistics space and manufacturing space.

Economic Impacts of Commercial Real Estate in Canada, 2022 Edition

By: Altus Group Economic Consulting
August 24, 2022

The NAIOP Research Foundation commissioned this report to examine the economic benefits of commercial construction across four distinct CRE asset classes, namely industrial, retail and entertainment, office, and multifamily housing during 2021. The report also describes the benefits of commercial brokerage, property management and landlord operations.

Economic Impacts of Commercial Real Estate, 2022 U.S. Edition

By: Brian Lewandowski, Jacob Dubbert, Michael P. Kercheval, Ph.D., and Richard Wobbekind, Ph.D.
February 1, 2022

Development and construction of new commercial real estate in the United States – office, industrial, warehouse and retail – generates significant economic growth at the state and national levels. This annual study, published by the NAIOP Research Foundation, measures the contribution to GDP, salaries and wages generated and jobs supported from the development and operations of commercial real estate.

Seeing Past the Pandemic: Industrial Demand and U.S. Seaports

By: Brian Harper, Director of Data Science, Avison Young, and Aaron Ahlburn, Innovation Lead, Global Logistics, Avison Young
March 15, 2022

This research brief, authored by Avison Young, reviews historical trends in port activity, local logistics employment, and vacancies, rents and absorption rates in adjacent industrial markets. Building on observations from the historical data, a regression analysis of the relationship between changes in port activity, truck traffic and industrial space absorption demonstrates that changes in import volume have a substantial effect on occupancy in port markets.

Industrial Space Demand Forecast, Third Quarter 2022

By: Hany Guirguis, Ph.D., Manhattan College and Michael J. Seiler, DBA, College of William & Mary
August 17, 2022

The forecast authors, Drs. Hany Guirguis and Michael Seiler, expect the still-hot industrial market to cool, and predict that the net absorption rate will continue to decline until it returns to the pre-pandemic trend. Read the full report from the NAIOP Research Foundation.

Economic

Economic Impacts of Commercial Real Estate, 2021 U.S. Edition

By: Stephen S. Fuller, Ph.D.
January 28, 2021

Development and construction of new commercial real estate in the United States – office, industrial, warehouse and retail – generates significant economic growth at the state and national levels. This annual study, published by the NAIOP Research Foundation, measures the contribution to GDP, salaries and wages generated and jobs supported from the development and operations of commercial real estate.search Foundation.

Midyear Economic Impacts of COVID-19 on the Commercial Real Estate Development Industry

By: Stephen S. Fuller, Ph.D.
October 2, 2020

The NAIOP Research Foundation commissioned Steve Fuller, Ph.D., professor emeritus at George Mason University, to undertake a study of the 2020 mid-year economy and how second quarter shocks may influence commercial real estate development in the future.

A New Look at Market Tier and Ranking Systems

By: Maria Sicola, Charles Warren, Ph.D., and Megan Weiner, CityStream Solutions, LLC
March 17, 2020

Dividing and grouping the major metropolitan regions of the United States into ranked groups or “tiers” is a frequently used method to evaluate, prioritize and rank markets for investment. This project provides an understanding of the origins, methodologies and uses of market tier models.

Preparing for Autonomous Vehicles: A Survey of Local Governments

By: David Dale-Johnson, Ph.D.
November 22, 2019

The NAIOP Research Foundation commissioned this report to examine how local governments are preparing for fully autonomous vehicles and to explore how future AV related policies could affect the commercial real estate industry.

Profiles in the Evolution of Suburban Office Parks

By: Dustin C. Read, Ph.D./J.D.
August 21, 2019

The NAIOP Research Foundation commissioned this report to identify ways that firms are revitalizing suburban office parks through redevelopment, rehabilitation and adaptive reuse. The author interviewed five developers who have recently updated suburban office parks in the United States and Canada to learn how they made these properties relevant for today’s market.

Economic Impacts of Commercial Real Estate, 2020 U.S. Edition

By: Stephen S. Fuller, Ph.D.
February 3, 2020

The impact of new development and of the ongoing operations of existing commercial real estate buildings in the United States – office, industrial, warehouse and retail – has grown to support 9.2 million American jobs and contribute $1.14 trillion to the U.S. GDP in 2019, according to a new report by the NAIOP Research Foundation.

Addressing the Workforce Skills Gap in Construction and CRE-related Trades

By: Barry E. Stern, Ph.D.
July 11, 2019

The NAIOP Research Foundation commissioned this report to explore some of the contributing factors to the workforce shortage and how the construction and logistics industries can improve worker recruitment, training, productivity and retention.

Economic Impacts of Commercial Real Estate, 2019 Edition

By: Stephen S. Fuller, Ph.D.
January 31, 2019

Development and construction of new commercial real estate in the United States – office, industrial, warehouse and retail – generates significant economic growth at the state and national levels. This annual study, “The Economic Impacts of Commercial Real Estate,” published by the NAIOP Research Foundation, measures the contribution to GDP, salaries and wages generated and jobs supported from the development and operations of commercial real estate.

Economic Impacts of Commercial Real Estate in Canada, 2018 Edition

By: The Conference Board of Canada
January 31, 2019

The main purpose of this report is to quantify the economic impact of commercial real estate investment in Canada, with a specific focus on estimating the impact tied to investment in the country’s largest Census Metropolitan Areas.

Economic Impacts of Commercial Real Estate, 2018 Edition

By: Stephen S. Fuller, Ph.D.
January 26, 2018

Development and construction of new commercial real estate in the United States – office, industrial, warehouse and retail – generates significant economic growth at the state and national levels. This annual study, “The Economic Impacts of Commercial Real Estate,” published by the NAIOP Research Foundation, measures the contribution to GDP, salaries and wages generated and jobs supported from the development and operations of commercial real estate.

Exploring the New Sharing Economy

By: John Madden, Director of Sustainability and Engineering Campus + Community Planning, University of British Columbia
April 14, 2015

The “sharing economy” has been receiving a lot of buzz across popular media, academic and business circles, and local government as well as social enterprises. As the label suggests, the sharing economy is a means of sharing goods, services, ideas, information and skills through a network of individuals, often facilitated through social networks via computers and mobile apps.

NAIOP Confidence Report

By: James R. DeLisle, Ph.D, NAIOP Research Foundation Distinguished Fellow
April 26, 2011

NAIOP surveyed the major players in commercial real estate for their predictions on market conditions with respect to the economy, capital markets and development potential. The executive summary results of this April 2011 survey including analysis provide useful insights. A webinar presentation of the results is also available.

office

Effect of Past Crises on US Downtown Office Property Income and Expenses

By: Dr. Sofia Dermisi, Roosevelt University
April 1, 2010

Economic, real estate, oil and other crises can cause significant lack of confidence and recessions, which eventually affect office markets. This paper studies past crises and their effects on downtown office market trends across the U.S. and is pivotal in the estimation of current short and medium-term market responses.

Population

Measuring the Impact of Hispanic Population Growth on the Location of and Demand for Commercial Real Estate in the U.S.

By: G. Donald Jud, Ph.D., Bryan School of Business and Economics, University of North Carolina at Greensboro
May 1, 2008

The expected growth of the Hispanic population will impact the location and demand for commercial real estate in the United States. The report contains economic impact data for 50 states and major metropolitan areas.

Calculate

How to Calculate the Economic Contribution of Office, Industrial, and Retail Real Estate to the Local Community

By: Stephen S. Fuller, Ph.D., George Mason University
February 1, 2005

This project is comprised of a form listing the sources of the contributions that office, industrial, office/tech and retail development make to their communities through taxes, job growth, etc. and instructions on how to locate the specific information needed to fill in the form and calculate the positive economic impact to your community.

Butterfly Spotting: An Industrial Real Estate Perspective on Globalization and Transnational Economics

By: Butterfly Spotting: An Industrial Real Estate Perspective on Globalization and Transnational Economics
April 1, 2008

Economic globalization, outsourcing, transnational property, economic base theory, global economic base category, GEBC, industrial properties