From the Institute’s iconic Emerging Trends in Real Estate® Global Outlook 2024 to in-depth reporting on distressed debt and opportunities, the rise of industrial outdoor storage, and the “YIGBY” movement (“Yes, In God’s Backyard”), this ranked list reflects our readers’ top choices for the first half of the year.
- Emerging Trends: Recalibrating Expectations for the Era Ahead in Commercial Real Estate produced jointly by ULI and PwC Real estate market participants are in the midst of a “Great Reset” when it comes to adjusting views related to pricing, risk, and return expectations in an environment marked by higher interest rates and slower economic growth. The need to align thinking and strategies to fit current market dynamics is one of the key themes in the 2024 Emerging Trends in Real Estate forecast for the United States and Canada.
- The Countdown to the End of Extend and Pretend by Hannah Miet
For months, if not years, panic-inducing headlines have lamented the existential crisis facing the U.S. office market as a “wall of maturities” looms: $2.2 trillion of commercial real estate debt coming due between now and the end of 2027, according to Trepp estimates. - Opportunistic Funds Take Aim at Looming Commercial Real Estate Distress by Beth Mattson-Teig
The strain of higher interest rates is creating sleepless nights for some commercial real estate owners and operators these days. On the flip side, there is significant capital eagerly lining up to take advantage of market dislocation. - Affordable Housing: YIGBY (“Yes in God’s Backyard”) Movement Seeks to Counter NIMBY Movement by Rick Reinhard
A tsunami of emptying houses of worship—up to 100,000 according to one religious source—is washing across America. Developing intelligent reuses and redevelopments for these properties will make the difference between a community flourishing and struggling. Housing advocates view underused faith properties as natural sites to develop projects that help close the great national gap on affordable housing.
5. The Rising Promise of Industrial Outdoor Storage by Ron Nyren
Foundry Commercial’s 7.5-acre (3 ha) Atlanta infill IOS site, currently under construction, is a fully paved, fenced, lighted, class-A trailer parking facility adjacent to I-675 freeway with an immediate on/off ramp, close to the US 23 trucking corridor and Hartsfield-Jackson Atlanta International Airport.
(Foundry Commercial)
Once overlooked as little more than open-air spaces for trailer parking, industrial outdoor storage (IOS) sites are emerging as a promising niche for their increasingly significant role in the e-commerce and logistics sectors and their potential to earn strong returns for investors.
