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This year, global ULI Greenprint real estate members reported a 6.3 percent year-for-year, like-for-like reduction in absolute carbon emissions. This result marks the second year in a row that members have reported a reduction of more than 6 percent in absolute carbon emissions—a testament to ULI Greenprint members’ leadership in making progress on their sustainability goals. In addition to leading by example, members continue to fund ULI resources that support the broader industry’s decarbonization progress.

In the Sydney suburb of Marrickville, two not-for-profit organizations—Fresh Hope Communities, the public benevolent institution entity of churches of Christ in NSW and ACT, and Nightingale Housing of Brunswick, Victoria—came together to develop a building that contains 54 units renting at 80 percent of market rates as well as two community-focused commercial spaces. The Churches of Christ Property Trust has provided a 99 year lease for the land, which allows the units to remain affordable far beyond a more typical 10-year period.

According to Morningstar DBRS, the Los Angeles–area wildfires have caused record property damage, with insured losses that could reach more than $30 billion. Despite many uncertainties on the path ahead for recovery and rebuilding of property and infrastructure, solutions are likely to require a lot of time and capital, as well as public and private stakeholders working in tandem.

ASTM International, a standards-setting organization, has released a new standard guide for assessing a property’s degree of resilience to physical climate hazards, thus marking a key milestone in the process of scaling up climate adaptation in real estate and the built environment. As property losses and disruption from such hazards as storms, wildfires, and floods continue to rise, the new standard guide, ASTM E3429—the Property Resilience Assessment—is designed to provide real estate owners, developers, investors, insurers, lenders, design teams, and regulators with a consistent means of determining how resilient a given property is and, potentially, what would be needed to better protect it.

ULI’s Randall Lewis Center for Sustainability in Real Estate held roundtable discussions with members of the ULI Americas Sustainable Development Council, the ULI Asia Pacific Net Zero Council, and the ULI Europe Sustainability Council to inform an outlook for 2025. During the discussions, members addressed sustainability topics and issues that are on the rise, why they matter, and what actions the industry should pursue in the future. Based on expert knowledge shared by those who attended, ULI identified five issues that will shape real estate decision-making in the coming months.

In the heart of London’s Covent Garden neighborhood, a complex of five Victorian-era structures—previously housing a seed merchant company, a brass and iron foundry, and a Nonconformist chapel, among other uses—have been restored and adapted into a single, cohesive office building with ground-floor retail and dining space. The three-year restoration preserved the property’s industrial heritage and provides flexibility to meet the needs of today’s workforce.

Investors will be facing an environment wherein slower economic growth is expected in the coming years, explained Lawrence Lennon, director, capital markets at CBRE Vietnam, who spoke at a mid-November workshop during ULI Asia Pacific’s REImagine 2024 in Vietnam.

In 2023, the point-in-time data for the San Diego region had more than 10,000 individuals living unsheltered, in emergency shelters, or in transitional housing. Although potentially developable land may be available for additional housing units, finding the right parcel for the right development takes time. A mapping tool that expedites the site selection process for affordable housing development could help.

On January 7, 2025, when sparks began igniting the communities of Pacific Palisades, Malibu, Pasadena, Altadena, Hollywood, and others, the city of Los Angeles had been struggling to produce 486,379 new housing units by 2029, a number mandated by California’s Regional Housing Needs Assessment (RHNA) to address the shortfall.

Architecture is a profession steeped in tradition, built on a romantic story of young talent learning at the drafting tables of those who have mastered their craft. This generations-old tale carries on, but how practical or healthy is it for us to hold on to this story today?

Shenzhen’s Nantou Ancient City project represents a groundbreaking approach to revitalizing China’s historic urban villages in a way that preserves their cultural heritage and community fabric. After China’s government designated Shenzhen as a Special Economic Zone in 1980, the city’s more than 400 urban villages grew rapidly to provide informal housing for an influx of migrant workers. The result: high-density residential areas that maximized rental income but often compromised on fire safety and hygiene standards.

Climate considerations have increasingly become a critical focus for real estate owners, operators, and investors over the past few decades, particularly as the frequency of billion-dollar weather and climate disasters has surged. Beyond the headline-grabbing events, more frequent temperature extremes and less stable energy costs have real financial implications for owners and residents. Key changes in our operating environment include:

Roughly 10,000 people live on the streets or in temporary shelters in San José, California. This estimate, based on 2023 point-in-time calculations, sparked ULI members in the San Francisco Bay area to leverage ULI’s Homeless to Housed (H2H) grant initiative to help uncover potential housing solutions for their bayside neighbor.

In late September 2019, 7,300 commuter students were settling into their routines at the University of Southern Maine (USM) in Portland, where the academic year had just begun. Then, at the end of the month, a fire main broke beneath the repurposed industrial building serving as the student center, flooding it with six inches of mud. City officials declared the building uninhabitable, leaving the school without a student center.

The Melville Charitable Trust awarded $75,000 to the ULI Foundation to support the development of 10 Principles for Addressing Homelessness: A Guide for Real Estate & Finance. Awarded in October 2024, the one-year grant is the trust’s first donation to the Urban Land Institute (ULI). It will let ULI’s Homeless to Housed (H2H) initiative create a comprehensive guide intended to connect real estate leaders with not-for-profit housing and service providers and collectively identify ways of catalyzing the production and preservation of more deeply affordable housing that is both cost-effective and rapidly deployable.

In the Belgian municipality of Edegem, just a 20-minute bike ride from Antwerp’s city center, a brownfield site that once stored camera film has become a biodiverse, sustainable mixed-use residential and commercial neighborhood.

Canada’s real estate market is in the midst of a pivotal shift as the Bank of Canada (BoC) rolls back what has been “higher for longer” interest rates. Yet despite welcome relief on financing costs, real estate leaders are still moving somewhat cautiously amid uncertainty and fluid market dynamics.

Recently, three new senior housing apartment towers opened in the metropolitan area of Portland, Oregon.

Georgetown’s M.S. in Global Real Assets, a collaboration between a top-ranked business school and a premier center for global real estate, prepares you to address challenges at the intersection of real estate, infrastructure, and sustainability.

“ULI members in San Antonio understand the precariousness of their city’s housing crisis,” says Javier Paredes, principal at StudioMassivo and ULI San Antonio member leader. “They [also] recognize the power of aligning housing with transit to create greater housing stability.” In response to San Antonio’s housing crisis, ULI San Antonio members and staff applied to participate in a local technical assistance grant program from ULI’s Homeless to Housed (H2H) initiative.

Real estate dealmakers look forward to a much busier 2025. High interest rates and uncertainty have choked markets for commercial real estate since rates began their relentless rise two years ago. In 2024, banks and other lenders struggled to underwrite new loans and refinance expiring ones. Potential buyers and sellers argued about the value of assets.

In Lafayette, Louisiana, homelessness and the lack of affordable housing are creating strain, prompting NIMBYism among community members and leaving civic leaders uncertain of a clear path forward. Understanding this challenge and the tension it can create throughout a city, ULI members gathered community members and leaders to dig into the difficult challenge of housing the city’s unhoused and most vulnerable residents. Supported by the ULI Homeless to Housed (H2H) grant initiative, Catholic Charities of Acadiana in Lafayette and ULI Louisiana gathered more than 300 residents for a series of community workshops to better understand the challenge and to outline pathways toward more deeply affordable housing and services for people most in need.

As California pushes toward a clean energy future, the city of San José has emerged as a leader in building electrification, offering valuable lessons for other cities nationwide. With residential buildings representing the largest source of natural gas use in the city, San José’s initiatives aim to reshape how these buildings are powered while prioritizing community needs, equity, and affordable housing. In 2022, ULI partnered with San Jose on an Advisory Services Panel (ASP) to inform this policy direction for multifamily buildings of all types. The aim of the ASP was to support the city in enabling property owners to step up their electrification retrofit efforts, encourage the adoption of on-site solar and batteries, and move the market forward.

Increasingly, such disasters as storms, wildfires, pandemics, and flooding are spurring cities across the United States to prioritize resiliency. Coastal communities throughout Florida know the urgency firsthand. From the Gulf of Mexico to the Atlantic Ocean, many Florida communities were isolated in 2024 when hurricanes and other weather-related events closed roads and cut off power. Our most vulnerable populations took an especially hard hit. Planners, academics, and community members are rethinking how to elevate their response and help communities become more resilient. Could one answer be on four wheels and a chassis?

One of Singapore’s most vibrant districts demonstrates how public/private partnerships and the community can shape the built environment.

Governments, businesses, and communities need to collaborate to reduce carbon emissions to ensure that decarbonisation is not just a buzzword.

Held in fast-paced and bustling Ho Chi Minh City, Vietnam, in mid-November, ULI Asia Pacific’s REImagine 2024 brought together more than 100 professionals in a uniquely engaging way.

For two hundred years, the Warsaw Citadel at the heart of Poland’s capital was a restricted military and administrative area, cut off from public access. With the recent opening of the Polish History Museum, as well as the new Polish Army Museum, the 19th-century fortress’ 74-acre (30 ha) grounds now serve as a multifunctional cultural and educational facility and park that preserves and showcases the country’s heritage.

10 museum buildings strengthen ties to communities and the public realm

Estimates suggest that, on any given night, almost 800 individuals are unsheltered, and more than 3,700 are living in emergency or transitional housing in Philadelphia. Homelessness can often be connected to difficulties in finding affordable housing.