Reading Assignment
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How does the flat world effect real estate development? Give examples based on a specific property type. (Note, you have a reading on this!). Please use the "Flat world..." reading.
This is a Pass/Fail assignment. A pass will be recorded as a 1 and a fail as a 0.
In less than one page, what is the major take-away from the papers. Do not get caught up in the math. What is the practice evidence/application.
Submission form:
1. Basic outline/purpose of article
2. Findings
3. Limit
4. Application
NAIOP_PearceReport4.qxp
Commercial Real Estate in a Flat World
The Implications of Corporate Restructuring
and Economic Globalization for Industrial,
Office and Mixed-Use Property in America
Submitted by: David Pearce Snyde
Consulting Futurist
Commercial Real Estate in a Flat World
The Implications of Corporate Restructuring
and Economic Globalization for Industrial,
Office and Mixed-Use Property in America
Prepared for and Funded by
The National Association
of Industrial and Office Properties
Research Foundation
By
David Pearce Snyde
Consulting Futurist
The Snyder Family Enterprise
Bethesda, MD
November 2007
Commercial Real Estate in a Flat World NAIOP Research Foundation November 2007 i
About NAIOP
The National Association of Industrial and Office Properties is the nation’s leading trade association fo
developers, owners, investors and other professionals in industrial, office and mixed-use real estate.
Founded in 1967, NAIOP comprises more than 16,500 members in 55 North American chapters and
provides networking opportunities, educational programs, research on trends and innovations and strong
legislative representation. For more information, visit www.naiop.org.
About the NAIOP Research Foundation
The NAIOP Research Foundation was established in 2000 as a 501(c)(3) organization to support the work of
individuals and organizations engaged in real estate development, investment and operations. The
Foundation’s core purpose is to provide these individuals and organizations with the highest level of
esearch information on how real properties, especially office, industrial and mixed-use properties, impact
and benefit communities throughout North America. Funding for the Research Foundation’s activities
comes from the generous support of the Governors, annual gifts from NAIOP members, and underwriting
from the National Association of Industrial and Office Properties (NAIOP). For more information, visit
www.naioprf.org.
© 2007 National Association of Industrial and Office
Properties Research Foundation
There are many ways to give to the Foundation and support
projects and initiatives that advance the commercial real
estate industry. If you would like to do your part in helping
this unique and valuable resource, please contact Bennett
Gray, senior director, at XXXXXXXXXXext. 168, o
XXXXXXXXXX.
Requests for funding should be submitted to
XXXXXXXXXX. For additional information, please
contact Sheila Vertino, NAIOP Research Foundation, 2201
Cooperative Way, Herndon, VA, 20171, at XXXXXXXXXX,
ext. 121, or XXXXXXXXXX.
ii Commercial Real Estate in a Flat World NAIOP Research Foundation November 2007
Table of Contents
PREFACE ............................................................................................................. XXXXXXXXXX1
EXECUTIVE SUMMARY..................................................................................... XXXXXXXXXX2
Introduction ........................................................................................................ XXXXXXXXXX2
PART 1 – The World Is Getting Flatter ............................................................... XXXXXXXXXX3
PART 2 – What’s FLAT and What’s Not.............................................................. XXXXXXXXXX5
PART 3 – Property Development on Planet Flat ............................................... XXXXXXXXXX6
Conclusion .......................................................................................................... XXXXXXXXXX8
PART 1 - THE WORLD IS FLAT AND GETTING FLATTER............................... XXXXXXXXXX9
1.00 Introduction................................................................................................ XXXXXXXXXX9
1.10 Defining “flat”............................................................................................ XXXXXXXXXX9
1.20 Friedman’s “Triple convergence:”
Three new facts of economic life on Planet Flat ............................................ XXXXXXXXXX10
1.21 A level, Web-enabled playing field ................................................... XXXXXXXXXX10
1.22 Horizontal enterprises ...................................................................... XXXXXXXXXX10
1.23 The globalization of work ................................................................ XXXXXXXXXX10
1.30 Four important features of our flattening world............................