Industrial

Industrial

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.

Industrial

Industrial Space Demand Forecast, Third Quarter 2023

By: Hany Guirguis, Ph.D., Manhattan College and Michael J. Seiler, DBA, College of William & Mary
August 31, 2023

Given current economic conditions and recent demand trends, the authors estimate that quarterly net absorption of industrial space will average 52.6 million square feet over the next two years. Read the full report from the NAIOP Research Foundation.

Designing

Designing for Wellness in Distribution Centers

By: KSS Architects
June 22, 2023

The NAIOP Research Foundation commissioned this report to offer design recommendations that improve occupant well-being. The authors conducted secondary research, observed conditions in existing distribution centers and interviewed occupants to collect information on key wellness concerns. They then drew from these findings to design a prototype distribution center with elements and features that contribute to a healthier and safer work environment.

Industrial

Industrial Space Demand Forecast, First Quarter 2023

By: Hany Guirguis, Ph.D., Manhattan College and Michael J. Seiler, DBA, College of William & Mary
March 1, 2023

Despite rising interest rates and growth in the supply of new space entering the market, the outlook for industrial real estate remains bright as supply chain conditions steadily improve. Low vacancy rates will continue to support growth in rents and property values. Read the full report from the NAIOP Research Foundation.

New Places and New Spaces for E-commerce Distribution: Three Strategies Bringing Industrial and Retail Real Estate Closer Together

By: Dustin C. Read, Ph.D./JD
June 1, 2022

The NAIOP Research Foundation commissioned this report to examine three trends related to this convergence: the conversion of shopping centers to distribution centers, adding distribution uses to existing retail buildings, and the development of mixed-use properties that include both distribution and retail.

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.

How the Other Half Builds: Small-Scale Development in Tertiary Markets

By: Shawn Moura, Ph.D., Director of Research, NAIOP
December 20, 2021

This research brief draws from a survey of NAIOP members and interviews with developers in tertiary markets such as Western Michigan and Southwest Missouri to examine these differences and their implications for developers and investors.

A Two-Dimensional Approach to Evaluating Commercial Real Estate Markets

By: Maria Sicola, Charles Warren, Ph.D., and Megan Weiner, CityStream Solutions, LLC
August 30, 2021

A new NAIOP Research Foundation report by Maria Sicola, Charles Warren, Ph.D., and Megan Weiner builds on last year\u0026rsquo;s report on market tier and ranking systems by describing a two-dimensional approach to evaluating and comparing commercial real estate markets. The report examines 15 years of market data to test multiple two-dimensional models for evaluating the 50 largest industrial and office markets in the United States.

The Evolution of the Warehouse: Trends in Technology, Design, Development and Delivery

By: Steve Weikal and James Robert Scott
October 13, 2020

The NAIOP Research Foundation commissioned this report to provide the real estate development community with insight into current and future trends in building and logistics technologies and their implications for industrial real estate. Steve Weikal and James Robert Scott, researchers at the MIT Real Estate Innovation Lab, interviewed professionals specializing in industrial building design and automated systems to identify emerging trends that will be of interest to industrial developers, building owners and tenants.

Working Together as a Team: Negotiating With Tenants and Leasing Space During COVID-19

By: Shawn Moura, Ph.D., Director of Research, NAIOP
August 10, 2020

This research brief draws from interviews with brokers and building owners, news sources, NAIOP webinars, and NAIOP survey data to identify best practices for triaging office and industrial tenant requests, offering reasonable accommodations to those tenants who need short-term assistance, and responding to uncooperative tenants. The brief also examines how owners are adapting the ways they show and lease space to new tenant preferences and safety expectations.

Using Capital Improvements to Create Competitive Advantage in the COVID-19 Era

By: Dustin C. Read, Ph.D./J.D., Associate Professor, Virginia Tech and Sam Kuprianov, undergraduate Real Estate major, Virginia Tech
July 28, 2020

This brief evaluates the merits of frequently discussed capital investments and their potential to create durable competitive advantages. It draws from an analysis of recent coverage in commercial real estate trade publications, as well as conversations with seven industry practitioners that took place in June 2020.

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.

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.

Terms and Definitions

By: Maria Sicola, CEO, Integrity Data Solutions, LLC
April 25, 2017

The 2017 edition of NAIOP’s terms and definitions remains the place to turn to for standardized of industry terminology.

Warehouse

Are E-commerce Fulfillment Centers Valued Differently Than Warehouses And Distribution Centers?

By: Dr. Jonathan A. Wiley
October 1, 2015

Are fulfillment centers distinct real estate products? Some in the industry believe they are; others believe they are not. According to the results of this analysis, fulfillment centers are not significantly different from nor significantly more valuable than other types of warehouse and distribution facilities.

The Promise of E-commerce: Impacts on Retail and Industrial Real Estate

By: Curtis D. Spencer, President, IMS Worldwide and Steve Schellenberg, Vice President, IMS Worldwide
March 17, 2015

As e-commerce sales continue their robust growth, manufacturers, transportation providers, distribution and fulfillment center operators and retailers all are being pressured to modify the retail logistics chain.

Stabilization

Stabilization of the US Manufacturing Sector and Its Impact on Industrial Space

By: L. Nicholas Ronderos, Regional Planning Association
June 5, 2013

A study by the NAIOP Research Foundation concludes that the reshoring trend of manufacturing industries to the United States yields stabilization of jobs, but not net growth. Some industries will add jobs as others shed them, resulting in no change to the total number of manufacturing jobs but halting a decades-long trend of losing more jobs than added.

The

The New Borderless Marketplace: Repositioning Retail and Warehouse Properties for Tomorrow

By: Curtis Spencer, IMS Worldwide
April 1, 2012

This whitepaper addresses trends and strategies needed and how the retail experience will change over the next five years.

Fuel

How Fuel Costs Affect Logistics Strategies

By: Leonard Sahling
February 2, 2012

Rising fuel costs have caused freight transportation to become the largest, most volatile cost component of companies' supply chain/logistics operation, accounting for about 63 percent of total U.S. logistics costs and 6 percent of GDP. With companies under mounting pressure to contain or offset the increases in freight transportation costs, supply chain executives have been tasked with figuring out how to squeeze more capacity and efficiency out of the existing systems.

The

The Political Economy of Green Industrial Warehouses

By: M. Harrison, Texas Tech University and Michael J. Seiler, Old Dominion
April 1, 2011

This research found that "green" warehouses in politically conservative areas rent at a significant discount relatively to their non-certified counterparts, while similar properties in politically liberal areas rent at a significant premium.

port

Logistics Trends and Specific Industries That Will Drive Warehouse and Distribution Growth and Demand for Space

By: L. Nicolas Ronderos, Regional Plan Association
March 1, 2010

This research project identified the logistics trends and specific industries that will drive warehouse and distribution growth and demand for space over the next decade (2008-2018). Research is based on employee ratios, employment reports, and logistics building inventory.

Rooftop Revenue: Making Underutilized Space Profitable Through Energy Harvesting

By: Marci DeVries, Soleil Solar
August 1, 2010

This white paper helps owners/developers make a decision about which (if any) energy-harvesting devices to install on their properties. Commercial real estate property owners will find a wealth of information on installations, maintenance, reliability and financial returns.