The COVID-19 pandemic made 2021 a historic year for the shipping and logistics industry, as rising e-commerce sent large retailers and general merchandisers scrambling for warehouse space to hold their inventory, supply-chain issues delayed shipments, real estate developers strained to keep up with demand, and local governments struggled to issue permits quickly with employees working from home.
The current spate of crises causing economic uncertainty around the globe is the result of a cyclical “geopolitical recession,” according to political analyst and entrepreneur Ian Bremmer, president of the political risk consultancy Eurasia Group, speaking at the 2022 ULI Fall Meeting in Dallas.
Real estate executive Preston Butcher and his wife, Carolyn Butcher, have donated $1.5 million to the ULI Foundation to create the ULI Homeless to Housed Initiative to identify and disseminate best practices that enable communities to provide housing for people experiencing homelessness.
As climate change worsens and the intensity of extreme weather–related events increases, meeting modern building codes may not be enough. Municipalities, nonprofit organizations, and industry groups are developing climate resilience design standards and tools, some of which are required or incentivized for publicly funded projects, and others of which may become expected or required for commercial real estate transactions.
Across the Trinity River from downtown Dallas, Oak Cliff is one of the city’s oldest areas, dating back to the 1880s. In its heyday, it contained stable, diverse neighborhoods, including what is now one of the nation’s few intact freedmen’s towns, the 10th Street Historic District. Attendees of ULI’s 2022 Fall Meeting in Dallas can tour new developments that are transforming this area with an eye toward equity.
In recent years, wildfires, floods, and other extreme weather events have not only caused billions of dollars’ worth of damage to property and infrastructure but also resulted in massive losses for insurance companies. In addition, they have significantly bumped up insurance premiums in many vulnerable areas. As real estate owners and investors look for strategies to understand and prepare for climate-change-related risks, insurers are studying ways to encourage policyholders to implement resilience measures to reduce risk.
What trends are influencing business and leisure travel in the wake of the pandemic? Members of ULI’s travel-oriented product councils discuss the continued fallout from the pandemic; ways the hospitality industry is renovating, repositioning, and reflagging properties in response to COVID-related changes; the rising interest in environmental, social, and governance issues; innovations in hospitality and travel experiences; and other trends.
The U.S. housing affordability crisis has both sharpened and spread significantly in the last decade: once largely confined to the coasts and the Southwest, it now extends to nearly every state. The number of metropolitan areas that underproduced housing rose from 100 to 169 between 2012 to 169 in 2019; nationally, underproduction nearly doubled in the same time period, from 1.65 to 3.79 million units.