What could the future of cities look like? In the future, cities will have more in common, and will have more interaction with each other than with regional governments, said speakers at ULI Germany’s Urban Leader Summit in May. This “parasovereignty” can already be seen in places such as Dubai, where some cities use different systems of law to attract investment.Read More
Experts in hotel development discuss the rising popularity of social spaces in hotels, the role of technology in the hotel experience, the ways guests are shaping in-room furniture design, the competition from Airbnb, the need for “Instagrammable” spaces in hotels, and changing approaches to hotel restaurants.Read More
Behind the new home construction, park improvements, and a rising downtown skyline that are attracting out-of-state migration, some longtime families in Boise, Idaho, are struggling to afford housing in a market that has seen rents more than double in the past decade.Read More
Hong Kong Central remained the most expensive office market in the world, according to CBRE’s annual Global Prime Office Occupancy Costs report. Hong Kong Central’s overall prime occupancy costs of US$307 per square foot (US$3,305 per sq m) per year topped the “most expensive” list, followed by London’s West End, Beijing’s Finance Street, and Hong Kong’s Kowloon.Read More
A future-focused Urban Leader Summit discussion in Frankfurt in May on embracing new technology raised just as many questions as it answered. Panelists said the waves of change triggered by this digital shift are going to be felt for generations to come, as more and more jobs are capable of being done by machines.
Foxconn Technology Group is investing $10 billion to build some 22 million square feet (2 million sq m) of manufacturing space near Milwaukee, but other cities are also reaping the rewards of the Midwest’s growing tech sector.
According to a survey by RCLCO, sentiments about the real estate conditions in the U.S. remain at a relatively high level, but slightly below where they were six months ago. Just over one-half (51 percent) of RCLCO’s Mid-Year 2018 Sentiment Survey respondents say U.S. real estate market conditions are moderately or significantly better today than they were 12 months ago, five percentage points lower than in the year-end 2017 survey.
Two architects address ten common concerns about shrinking parking requirements.
“Human capital is the bedrock for municipal success,” Edward Glaeser, professor of economics at Harvard University and a ULI trustee, said in his keynote at ULI Netherlands’ Annual Conference in Amsterdam in May. His discussion focused on the key challenges and opportunities cities face, and how those affect regeneration.
Hong Kong’s former chief executive, C.Y. Leung, now a member of the National Committee of the Chinese People’s Political Consultative Conference, an important political advisory body, said the development of the broader region could be a significant driver of growth and relieve stress on the core market for new construction.