Development and Construction
The single-family rental (SFR) market is seeing a dramatic increase in interest and growth, with changes brought on by COVID-19 emphasizing the need for a broader diversity of rental housing, according to a report prepared jointly by ULI and RCLCO.
ULI MEMBER–ONLY CONTENT: An excerpt from Building Small: A Toolkit for Real Estate Entrepreneurs, Civic Leaders, and Great Communities.
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ULI MEMBER–ONLY CONTENT: After a pair of hurricanes pummeled the Virgin Islands’ aging public housing in 2017, a public/private partnership used advice from ULI panels to develop a resilient, sustainable replacement.
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Total U.S. construction starts fell 2 percent in April to a seasonally adjusted annual rate of $853.5 billion, according to Dodge Data & Analytics. Single-family construction posted a sizable decline following months of strong activity, while nonresidential building and nonbuilding starts both gained.
To win the war for talent in a post-pandemic environment, employers and landlords will seek to provide highly amenitized spaces that will lure workers away from their homes. But it remains to be seen how that expense will be paid for—and whether lenders will give due credit to those amenities when determining property values, a panel of four experts in U.S. office markets concluded during the ULI Virtual Spring Meeting.
An “urban exodus” may be a myth, but a hybrid of office-based and non-office workplaces may become a norm, say panelists Richard Florida of the University of Toronto, Diane Hoskins of Gensler, and Mark Grinis of EY.
Netflix CMO Bozoma Saint John stressed the importance of individualism and authenticity when discussing innovation in the corporate and social spheres.
Though developers are finding strong demand for single-family-rental housing, they are facing challenges both from communities unfamiliar with the product and from high costs for land and construction.
Diversity, equity, and inclusion (DEI) initiatives are not a one-time program that companies must create to check a box, but should be an ongoing commitment that spans years. That is what participants heard during the 2021 ULI Virtual Spring Meeting session, “The Corporate Journey toward Enhanced Diversity and Inclusion.”
Developers share how different cities deployed creative ideas to help maintain urban vitality and business opportunities despite restrictions on public gatherings. Their successful techniques may outlast the pandemic.