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Brett Widness

Brett Widness is the managing editor of Urban Land. Previously, he worked in online editorial at the Washington Post, AARP, and AOL, now part of Yahoo!

Economy, Market & Trends
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News
Video: Technology’s Impact on Our Lives, Jobs, and Business
Vivek Wadhwa, a futurist and a distinguished fellow and adjunct professor at Carnegie Mellon University’s College of Engineering, shared his insights on technology’s impact on our lives, jobs and business, at the ULI Asia Pacific Summit in Singapore, followed by an interactive discussion with Richard Price of CBRE Global Investors and ULI Global board member.
June 16, 2017
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Brett Widness
Market Trends
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Real Estate Trends
In Brief: Median Home Size Dipped in 2016, First Retreat Since 2009
According to the Wall Street Journal, the median size of a new single-family home declined for the first time since 2009, slipping 2 percent to 2,422 square feet (225 sq m) in 2016. This is only the third time in the last 20 years that it has fallen, according to U.S. Census Bureau data.
June 13, 2017
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Brett Widness
Development and Construction
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News
In Brief: Dodge Momentum Index Resumes Growth in May
Following a dip in April, the Dodge Momentum Index advanced 4.0 percent in May to 139.1, up from the April reading, which was revised down to 133.7. The index is a monthly measure of the initial report for nonresidential building projects in planning, which have been shown to lead construction spending for nonresidential buildings by a full year.
June 12, 2017
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Brett Widness
900_yearoveryear
Market Trends
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Finance – Capital Markets
In Brief: Rate of Multifamily Rent Growth in U.S. Slowing
U.S. multifamily rents increased in May for the third month in a row, according to Yardi Matrix’s monthly survey of 121 markets, but the rate of growth continues to decelerate. On a year-over-year basis, U.S. monthly rents were up 1.5 percent nationwide in May. The year-over-year growth rate has decreased for 13 straight months since peaking at 5.4 percent in April 2016.
June 5, 2017
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Brett Widness
Capital Markets and Finance
Panelists Weigh Policies That Could Boost U.S. Growth Near End of Economic Cycle
The current U.S. economic expansion is already one of the longest since World War II, but because most investors have been relatively conservative in their investment choices, few reasons exist for concern about a sharp downturn in the near term, panelists said at the 2017 ULI Spring Meeting. They also agreed that certain policy changes like corporate repatriation of profits or tax cuts would increase the possibility of further growth.
May 12, 2017
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Brett Widness
Office
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Economy, Market & Trends
In Brief: Strong Rent Growth in European Prime Office
Hong Kong remained the world’s highest-priced office market last year, according to CBRE Group’s latest survey. Four of the top five fastest-growing markets for prime office rent were in Europe, with Stockholm, Berlin, and Dublin joining Belfast on the list.
May 1, 2017
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Brett Widness
800-tim-evans-88330
Development and Construction
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Retail/Entertainment
Four Trends Driving the Shifting Demand for Traditional Bank Branches
According to JLL’s 2017 Banking Outlook, increased use of mobile banking could decrease the need for traditional bank branches by 20 percent in the next five years, although some underserved markets are still seeing new construction.
May 1, 2017
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Brett Widness
Economy, Market & Trends
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News
In Brief: Dodge Momentum Index Increases 0.9 Percent in March
The Dodge Momentum Index increased by 0.9 percent in March to 144.4 from its revised February reading of 143.2. The index, produced by Dodge Data & Analytics, has risen for six consecutive months, with much of the gain being driven by institutional projects entering planning while commercial projects so far in 2017 have receded slightly. Plus, interest rate survey results from Trepp.
April 17, 2017
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Brett Widness
yardi
Economy, Market & Trends
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News
In Brief: Multifamily Market Springs to Life with Solid Gains
After a lackluster winter, U.S. rents posted solid gains in March, according to Yardi Matrix’s monthly survey of 121 markets, although the rate of growth continued to decelerate. Average monthly rents rose $6 to $1,312, with the largest rent growth seen in California’s Sacramento, Inland Empire, and Los Angeles markets.
April 7, 2017
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Brett Widness
800-clark-young-143622
Economy, Market & Trends
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News
Four Trends Driving the Evolution of Grocery Stores
Last year was above average for U.S. grocery store openings as they anchored developments ranging from apartments to malls to even some hotel concepts. Here are four trends driving changes in the modern grocery store concept, based on JLL’s recent Grocery Tracker, including scan-and-go payment apps and more prepared meals.
March 21, 2017
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Brett Widness
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