News

After 18 months of astronomical price increases for construction materials, market watchers are tracking some supply chain developments that could moderate costs. But widespread relief from high prices, sudden price changes plus slow and erratic delivery times is not imminent nor certain. “The story lingers, the pandemic lingers, the inflation…

As the state’s year-end deadline approaches for developing a framework to decarbonize buildings, various professionals are trying to determine how the resulting legislation could impact commercial real estate companies. For months, the state’s climate consultant, Energy and Environmental Economics (E3), has conducted an in-depth analysis of building decarbonization scenarios to…

Property owners see new opportunities in outdoor amenities Go-go bands, yoga classes, poets and splash pads aren’t standard elements in a strategic plan for a real estate development. Yet on a former dirt parking lot in Downtown Columbia, they are attracting the public to a new mixed-use development and helping…

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…

“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…

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…

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…

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…

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…

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…