Economy, Market & Trends
The New York City Department of Transportation and the New York City Housing Authority began partnering with carshare companies in 2018 to increase access to vehicles for those living in geographically and economically diverse neighborhoods that are often underserved by rideshare companies.
From apartment buildings rising in shopping center parking lots to the redevelopment of dead-mall sites as housing, retail-to-residential conversions are an increasing trend.
There are 150,174 convenience stores operating in the United States, a 1.5 percent increase from a year earlier, reversing a four-year decline, according to the 2023 NACS/NielsenIQ Convenience Industry Store Count.
In the last year, the state’s government has taken robust legislative steps toward stemming the housing crisis.
The Global Real Estate DEI Survey 2022 suggests that commercial real estate companies are broadening and deepening their diversity, equity, and inclusion (DEI) programs and initiatives. Results also showed that 95 percent of respondents are addressing issues of DEI either by having a formal program or by enacting at least some initiatives and policies to improve the representation of women and underrepresented groups at their respective organizations.
The Charlotte Area Transit System sought a ULI Advisory Services panel to advise on how plans for a Silver Line light rail in the next stage of transit development could help the city thrive and continue to grow sustainably.
If the nearly $3 billion headquarters under construction in midtown Manhattan is any indication, JPMorgan Chase is bullish on the return to office and cities. David Arena, head of global real estate for the company, explained the project has long been in the works.
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.
Industry experts speaking at the ULI Fall Meeting said pickleball is just one of the ways developers are taking a fresh look at the retail space as malls seek to rework their tenant mix: by including more outdoor spaces.
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.