IDRC I

What is IDRC I?

IDRC, or Industrial Development Research Council, was a prominent organization dedicated to the advancement of industrial real estate development and research. Its goal was to support professionals in the sector by providing educational resources, conducting studies, and fostering a network of industry experts. In 2002, IDRC merged with another industry body to form CoreNet Global, a more comprehensive entity covering multiple aspects of real estate and facilities management.

Key Functions

• Research and Development: IDRC contributed to numerous studies and research reports that improved understanding and innovation in industrial real estate.
• Networking: The organization facilitated strong networking possibilities among real estate professionals and researchers.
• Educational Programs: Offering various seminars, workshops, and training sessions to enhance professional skills in the industrial real estate sector.
• Standards and Practices: Developed guidelines and best practices to elevate the standard of industrial real estate management and development.

Examples

1. Case Studies: IDRC published numerous case studies demonstrating successful industrial development projects and highlighting the implementation of innovative practices.
2. Annual Conferences: Before merging with CoreNet Global, IDRC organized annual conferences that attracted industry leaders, policymakers, and academic researchers.
3. White Papers and Research Reports: Produced in-depth analysis and forecasts on industrial real estate trends, influencing strategic decision-making in the sector.

Frequently Asked Questions

What was the purpose of IDRC?

The primary goal of IDRC was to advance the field of industrial real estate through research, education, and the establishment of best practices.

What happened to IDRC?

In 2002, IDRC merged with CoreNet Global, an organization formed to cover a broader spectrum of real estate and facilities management issues.

Who benefitted from IDRC’s resources?

Professionals in industrial real estate development, corporate real estate managers, facilities management personnel, and researchers benefitted from IDRC’s offerings.

Are any publications from IDRC still accessible?

Many of IDRC’s publications and research works have been integrated into CoreNet Global’s library and are accessible to its members.

Did IDRC offer certifications?

IDRC offered professional development opportunities and training sessions; however, specific certifications became more formalized under CoreNet Global.

Related Terms

• CoreNet Global: A leading professional association for corporate real estate and workplace executives, managers, and service providers.
• Corporate Real Estate (CRE): Holdings owned or leased by a business for non-residential purposes.
• Facilities Management: Integration of processes within an organization to maintain and develop the agreed services which support and enhance the effectiveness of its primary activities.

Online Resources

• CoreNet Global
• History of CoreNet Global
• Professional Development Resources at CoreNet Global

References

• CoreNet Global, “History of CoreNet Global.” (2023). Link
• “CoreNet Global: Leading the Profession Forward.” CoreNet Global. (2023).

Suggested Books for Further Study

1. “Corporate Real Estate Asset Management: Strategy and Implementation” by Barry Haynes and Nick Nunnington.
2. “Industrial Real Estate: An Investor’s Guide to Building Wealth in Real Estate Strategies, Finance, Business Plans, Leasing, vs. Spec Development, Flipping, Wholesaling” by Thomas C. Evans.
3. “Real Estate Development: Principles and Process” by Mike E. Miles, Laurence M. Netherton, and Adrienne Schmitz.
4. “Essentials of Corporate Real Estate” by Barry Haynes.

Real Estate Basics: IDRC Fundamentals Quiz