At ULI’s Spring Meeting in Houston, AECOM global practice lead Andrew Laing traced the evolution of white-collar work spaces over more than a century in patterns driven primarily by technology.
Downtown urban office and mixed-use markets are “hot,” but so are some suburban markets—including the iconic Silicon Valley. At the ULI Spring Meeting in Houston, a panel moderated by AECOM senior vice president Stephen Engblom explored regional responses to market demands outside traditional downtown markets.
The U.S. real estate industry is on a steady course to sustain growth through 2017, according to ULI’s latest three-year forecast. At the ULI Spring Meeting in Houston, the consensus forecast was discussed in a session moderated by William J. Maher, director of North American strategy for LaSalle investment Management.
Preparing for more frequent and intense storms, wildfires, or droughts as well as for incremental rises in sea levels and water temperatures can no longer be ignored in favor of cost cutting and short-term returns, according to a panel of sustainability experts at the 2015 Spring Meeting in Houston.
With e-commerce activity increasing, the real estate market is scrambling to keep up with a new type of building demand that combines distribution centers with fulfillment centers, said experts speaking at the ULI Spring Meeting.
Health care and life sciences continue to yield strong returns for real estate investors. These sectors can also create economic value through their physical footprints, anchoring mixed-used developments that attract a diverse workforce while spurring further development, according to an expert panel at the 2015 ULI Spring Meeting in Houston.
With an estimated 500 million square feet (46.5 million sq m) of underperforming commercial property existing in the market and an influx of real estate capital on the horizon, the repositioning of urban office towers is poised to become a major market-mover in the commercial real estate industry.
Welcoming attendees to the ULI Spring Meeting in Houston, Mayor Anisse Parker said that the lessons learned by her city have resonance across the United States. “One of the things that I very quickly discovered when I became mayor,” she said, “is that Houston was better known across the borders of the United States than it was across the state lines.”
Creating a thriving mixed-use property is not nearly as simple as putting retail space on the ground floor of a multifamily residential building, even though that is just what many local officials and planners like to dictate, according to a panel of experts at the ULI Spring Meeting in Houston.
The explosion in e-commerce continues to disrupt the real estate industry, with no end in sight. E-commerce may affect demand for retail space, said panelists at the ULI Spring Meeting, and it is already increasing demand for warehouse space.