Coworking reigns as a core strategy, rather than a craze, against the backdrop of commercial real estate evolving from a space-leasing business to a service-delivery business, said speakers at a ULI Houston luncheon in November.
ULI has released two new reports related to building for health and wellness—one offering lessons for development of healthy affordable housing for the broader marketplace, and the other for development of agrihoods, single-family, multifamily, or mixed-use communities built with a working farm or community garden as a focus. Together, the reports illustrate opportunities for developers to create financially successful projects that improve resident and community health and promote social equity and sustainability.
While new office space paradigms are emerging in response to changes in technology and work styles, there is no consensus about the “best” future for workspace. A panel of real estate investors, occupiers, and corporate real estate experts discussed the future of workspace at the ULI Japan Fall Conference, held in Tokyo in November.
With strong consumer confidence, ongoing economic growth, and low unemployment, there are few signs of an imminent recession in recent U.S. economic data—but real estate experts speaking at a recent industry event in New York City said they want to be prepared. Speakers discussed their plans to manage shrinking investment yields and the risk of investing late in the real estate cycle.
As part of the release of Emerging Trends in Real Estate® 2019, ULI Philadelphia gathered a panel of industry leaders to talk about what is working and what is not for their sectors both in Philadelphia and other parts of the eastern United States.
ULI’s Global Strategic Plan emphasizes strengthening member engagement by providing more opportunities to participate in the Institute’s unique member networks, including the highly popular Product Council network. Nine Product Councils—including five new ones and four additional flights to existing councils—were added during FY 2018, opening up participation to 228 members who had never before served on a council, as well as 98 members who transferred membership or rejoined councils.
According to data from Yardi Matrix, the average size of a new U.S. apartment has shrunk 5 percent over the last 10 years, while the average price has risen 28 percent. The average floor plan of a new apartment measures 941 square feet (87.4 sq m), but that is still larger than the overall average of 882 square feet (82 sq m).
Emerging Trends in Real Estate®Asia Pacific 2019, a real estate forecast jointly published by ULI and PwC, has Melbourne and Singapore as the top cities for investment in the region, followed by Sydney, Tokyo, and Osaka. The report, which is being released at a series of events across Asia over the next several weeks, provides an outlook on Asia Pacific real estate investment and development trends, real estate finance and capital markets, and trends by property sector and metropolitan area.
The Dodge Momentum Index moved 4.2 percent lower in October to 150.5 (2000=100) from the revised September reading of 157.0. The index is a monthly measure of the initial report for North American nonresidential building projects in planning, published by analytics and workflow provider for the construction industry Dodge Data & Analytics, which has been shown to lead construction spending for nonresidential buildings by a full year. October’s decline was the third-consecutive monthly decline.
With rising demand for small cohousing units, developers in Asia embrace the for-rent market.