The next-generation wireless telecommunications technology known as 5G, which will operate at vastly higher speeds and be able to handle many times more devices than existing 4G networks, is likely to have significant impacts on the real estate industry, a speaker said at the 2018 ULI Spring Meeting in Detroit.
Though driverless vehicles are expected to be commercially available in the next few years, the shift to their use is likely to occur gradually and in phases over several decades, panelists said at ULI’s Spring Meeting in Detroit. That long process will allow vehicles to be tested and improved. It also will enable the development of urban infrastructure—such as smart roads and traffic management systems that communicate continuously with many vehicles at once—that would make them work better, said panelists.
Could ownership of 250- to 400-square-foot (23 to 37 sq m) homes help low-income people acquire an asset and begin to accrue wealth? Panelists at the 2018 ULI Spring Meeting said it is certainly an idea worth trying.
Companies understand the attraction of more economical, more comfortable spaces. But lenders still need to be educated about net-zero energy’s lower operating costs.
E-commerce has brought industrial into the 21st century, said panelists at the ULI Spring Meeting, and technology has become more sophisticated in today’s industrial offerings. More important, industrial developers are constructing product that provides flexibility for tenant users, with more container parking storage and additional car parking if the tenant is an e-commerce user.
Fully Integrated Off-Site Solution (FIOSS) systems could solve the labor shortage in U.S. housing construction markets, says Gerard McCaughey, chief executive officer of Entekra Inc.
Companies may be starting to see that squeezing more employees into less space is starting to be counterproductive, but panelists at ULI’s 2018 Spring Meeting agreed that expansive offices were largely a thing of the past, especially with wireless communications and cloud-based applications increasingly allowing employees to get much of their work done off site.
ULI Global Chairman Tom Toomey closed the record-breaking 2018 Spring Meeting by outlining advancements in ULI’s new strategic direction. In a general session presentation, he announced the appointment of longtime real estate executive Edward (Ed) Walter as the new global chief executive officer for the Institute, and the approval of a member-created Global Strategic Plan to guide ULI’s growth and leadership going forward.
The focus for mall owners and retailers should be on extending their brand “beyond the four walls of brick and mortar,” said panelists speaking at the ULI Spring Meeting.
Development professionals from Detroit, Houston, Atlanta, and San Antonio discussed how they reclaimed desolate space with art, parks, and public/private partnerships to revitalize riverfronts and neighborhoods.