News

  • State considers faster emissions cuts and new carbon fee

    State considers faster emissions cuts and new carbon fee

    State officials are studying revised climate plans that would require 50% cuts in carbon emissions from commercial buildings by 2030 and levy a $100 per ton carbon emissions fee on properties that fail to achieve that reduction. On Sept. 18, the Maryland Department of Environment released a revised draft pathway…

  • Strength of warehouse/industrial sector prompts design modifications

    Strength of warehouse/industrial sector prompts design modifications

    Retail e-commerce sales are expected to grow by nearly 14% this year to eclipse the $900 billion mark, a trend that was consistently edging up over the past five years but dramatically accelerated over the past 18 months as a result of the COVID-19 pandemic. With shopping patterns now permanently…

  • Retail’s new normal: drive-thrus, athleisure and omnichannel marketing

    Retail’s new normal: drive-thrus, athleisure and omnichannel marketing

    The COVID-19 pandemic accelerated rather than caused many of the retail trends currently prevalent in the United States and worldwide economy. But what constitutes “the new normal” when it comes to shopping online, visiting restaurants and developing the next phase of retail centers? The coming surge of new drive-thru retail…

  • Maryland’s draft climate plan would require buildings to reach net-zero emissions by 2045

    Maryland’s draft climate plan would require buildings to reach net-zero emissions by 2045

    On Sept. 3, the Maryland Department of Environment released a draft pathway to decarbonize buildings by 2045. Major policy provisions in the draft include: An all-electric building/energy code applied to new construction beginning in 2024 with a cost-effectiveness test for commercial construction;A clean heat standard that would incrementally reduce…

  • If You Ask Me…

    If You Ask Me…

    “What new leasing trends are emerging as companies consider returning to the office?” David FritzPrincipalNAI KLNB “Occupiers will continue to navigate their real estate decisions for the balance of the year based upon uncertainty of COVID-19 and its variants, measuring full-time vs hybrid work model and an actual reopening…

  • Office evaluation continues as mass move-in date shifts past Labor Day

    Office evaluation continues as mass move-in date shifts past Labor Day

    Labor Day — the national holiday honoring hard working people — was the date on the calendar circled by many companies signaling the mass return to the traditional office environment and the symbolic end of the pandemic. Rising COVID-19 cases fueled by the Delta variant and vaccination breakthrough cases have…

  • Industrial real estate boom shows no signs of easing

    Industrial real estate boom shows no signs of easing

    The industrial real estate market will experience record-high demand in 2021 and 2022, according a new NAIOP study. “Demand for industrial real estate continues to be strong as the long-term trend toward e-commerce (and away from in-store sales) continues with no end in sight,” the NAIOP Industrial Space Demand…

  • The increasing need for custom real estate

    The increasing need for custom real estate

    As employers grapple with efforts to bring workers back to offices, large shifts in work culture and the ongoing Great Resignation, customized commercial real estate is becoming a bigger factor in companies’ success. Consequently, CRE firms need to offer new services to bolster the success of their tenants and their…

  • New Prologis office reflects local culture, supports modern work styles

    New Prologis office reflects local culture, supports modern work styles

    When Prologis began planning its new office in Columbia, the design team focused on achieving several major goals: create a space that would enhance productivity, support changing workplace needs and capture the culture of the diverse markets the office would serve. “Our market spans Maryland, Washington, D.C. and Virginia, and…

  • County recommends statewide building energy performance standard

    County recommends statewide building energy performance standard

    A proposal by Montgomery County highlights a fundamental divide over how Maryland should go about decarbonizing buildings and how decarbonizing legislation could ultimately impact building owners. In comments submitted to the Buildings Subgroup of the Maryland Commission on Climate Change, the Montgomery County Department of Environmental Protection recommended the state…