Economy, Market & Trends
“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.
Prices are high but opportunities abound in China’s growing real estate market, especially in its first-tier cities, a panel of experts and investors said at the 2018 ULI Asia Pacific Summit in Hong Kong.
The Dodge Momentum Index eked out a small gain in May, moving 1.8 percent higher to 167.8 (2,000=100) from the revised April reading of 164.9. May’s gain was the result of a 4.7 percent increase by the commercial component of the Momentum Index, while the institutional component fell 2.4 percent.
Disruptive technology—and the need to embrace it—will continue to influence office and retail tenants, as well as developers, panelists said at the ULI U.K. Annual Conference, held in early June in London.
If smart cities are to serve their populations, the human element must remain crucial for their designers and developers, attendees at the 2018 ULI Asia Pacific Summit were told. A panel of developers, designers, and planners mulled over the development of the smart city in Asia during the summit, held in Hong Kong.
Berlin’s landmark luxury shopping center is being refreshed at a price in the hundreds of millions and with Rem Koolhaas at the helm.
With the Tokyo Olympics and a Rugby World Cup approaching, Japan’s real estate community is considering how major sports events and venues can drive development, looking at best practices and examples both domestic and from around the world.
The focus for mall owners and retailers should be on extending their brand “beyond the four walls of brick and mortar,” said panelists speaking at the ULI Spring Meeting.
Autonomous vehicles, smart cities, and how Arizona is poised on the leading edge of what Timothy Burr, director of public policy for Lyft, dubbed “the third transportation evolution” were the recurring themes of ULI Arizona’s latest Trends Day.