Life Sciences, Tech Growth Continue to Drive Boston Development Published on May 01, 2019 in Development Driven by a steady stream of tech and life-sciences companies migrating into the Boston/Cambridge market in recent years, Greater Boston commercial real estate is booming, seeing steady rental growth across its various submarkets, and continuing to be a favored target of both foreign and domestic investors, according to panelists who spoke at a recent ULI Boston event. But that growth does risk displacing some longtime residents.
Healthier Office Space Paying Dividends in Boston Published on September 14, 2018 in Sustainability One of the most difficult challenges for those seeking to adopt emerging technologies in commercial real estate is justifying the cost of implementing such measures. A recent ULI event in Boston highlighted the benefits of the evolving standards on health and wellness by five industry practitioners.
Middle-Income Renters See Persistent Housing Cost Burdens Published on January 09, 2018 in Market Trends While the latest Harvard University’s Joint Center for Housing Studies (JCHS) report on the state of rental housing in the United States. shows some positive signs for inventory, the overall trend persists that low- to moderate-income renters face significant cost burdens in most markets.
Embracing Smarter Cities in India and South Korea Published on September 05, 2017 in Planning & Design Technological innovations are affecting nearly every facet of how societies function, but it is the corresponding evolution of human behavior—not the technology itself—that is driving how the next generation of cities around the globe is being built. That was the general feeling of a panel of large-scale developers—veritable city builders—assembled at the World Real Estate Forum by the Massachusetts Institute of Technology Center for Real Estate.
Drawing Employers to Tap Boston’s Well-Educated Talent Pool Published on April 24, 2017 in Market Trends In a survey released in January by the Association of Foreign Investors in Real Estate, Boston ranked third in desirability by foreign investors among U.S. cities (behind New York and Los Angeles). ULI Boston/New England recently hosted a program in which panelists discussed the thought processes of the leadership of the companies and investors who are wagering heavily on the continued success of the region.
Rethinking Public Housing in Mexico Published on January 23, 2017 in Planning & Design Harvard University’s Graduate School of Design recently released a report examining how urban planning and design interventions can help improve housing and urban development practice in Mexico, including densifying existing population centers with infill development and retrofitting infrastructure and services in areas where existing homes have been abandoned.
Many Suburbs Dodging Issue of Affordable Housing Published on May 31, 2016 in Development With the trend toward urbanization increasingly pricing families out of housing in cities, one solution to the problem would be to simply construct more affordable multifamily housing stock in the suburbs.
Regulatory Environment One of Many Impediments to More Homeownership Published on May 31, 2016 in Market Trends Panelists at the recent ULI Housing Opportunity Conference discussed the impediments to low- to moderate-income wage earners achieving homeownership, saying that most large lenders and many regional and smaller lenders have lost their ability to originate layered mortgages, due to the increased complexity of the new regulatory environment.
Bridging the Digital Divide for Low-Income Residents Published on May 31, 2016 in Infrastructure Speaking at the recent ULI Housing Opportunity Conference, Rick Haughey, vice president of industry technology initiatives at the Washington, D.C.–based National Multifamily Housing Council, likened the wiring of the United States to the internet to the early development of the nation’s highways, but as a cautionary tale, creating unintended winners and losers in the process.
Housing 9 Million New Renters in the United States Published on February 26, 2016 in Market Trends According to a report by Harvard’s Joint Center for Housing Studies, the United States has seen an unprecedented increase in those living in rental housing, with nearly 9 million rental households added since 2005. While private lending has increased in the sector, new construction is largely focused on the higher end of the market.
ULI Boston Report Outlines Barriers, Solutions to Rising Seas Published on November 23, 2015 in Sustainability Despite the record harsh winter of 2014–2015 that dumped 111 inches (281 cm) of snow on the city of Boston and the not-so-distant (2012) memory of the near-hit of Hurricane Sandy, instituting measures to safeguard against the effects of climate change and rising seas will not be an easy sell with the region’s utilities, property owners, government agencies, or general public.
What Can Boston Learn from Other Cities’ Olympic Bids? Published on June 11, 2015 in Planning & Design While the amount of public financing that would be required to stage the 2024 Summer Olympic Games in Boston remains an open question, ULI Boston/New England recently hosted a panel discussion focused on how such bids have paved the way for badly needed infrastructure and development projects in other cities.