Multifamily
As student housing needs evolve, developers are rethinking design, creating dynamic, experience-driven communities that promote connection and well-being.
In early February 2025, hundreds of stakeholders and real estate professionals gathered at DeSales University for a meeting sponsored by ULI Philadelphia and Lehigh Valley Planning Commission and supported by ULI’s Terwilliger Center for Housing and Lehigh County Commissioners. The first installment of a three-part Technical Assistance Panel (TAP), “Housing Supply and Attainability Strategy in the Lehigh Valley” aimed to open the conversation and further shape the technical assistance work to follow.
ULI and research partner RCLCO have released the ULI Terwilliger Center for Housing’s 2025 Home Attainability Index, a data-rich tool measuring affordability, connectivity, racial disparity, and growth across the United States at the MSA, county, and census tract levels.
Demand is surging for senior housing as America’s population ages, but supply continues to lag. That gap is one reason investors in ULI’s 2025 Emerging Trends report rated the sector second highest for the best risk-adjusted returns over the next three years. Supply and demand dynamics don’t tell the whole story, though: senior housing development tends to thrive at the upper end, where seniors with means can afford to live in a continuing care retirement community.
In the Sydney suburb of Marrickville, two not-for-profit organizations—Fresh Hope Communities, the public benevolent institution entity of churches of Christ in NSW and ACT, and Nightingale Housing of Brunswick, Victoria—came together to develop a building that contains 54 units renting at 80 percent of market rates as well as two community-focused commercial spaces. The Churches of Christ Property Trust has provided a 99 year lease for the land, which allows the units to remain affordable far beyond a more typical 10-year period.
On January 7, 2025, when sparks began igniting the communities of Pacific Palisades, Malibu, Pasadena, Altadena, Hollywood, and others, the city of Los Angeles had been struggling to produce 486,379 new housing units by 2029, a number mandated by California’s Regional Housing Needs Assessment (RHNA) to address the shortfall.
Climate considerations have increasingly become a critical focus for real estate owners, operators, and investors over the past few decades, particularly as the frequency of billion-dollar weather and climate disasters has surged. Beyond the headline-grabbing events, more frequent temperature extremes and less stable energy costs have real financial implications for owners and residents. Key changes in our operating environment include:
Recently, three new senior housing apartment towers opened in the metropolitan area of Portland, Oregon.
As California pushes toward a clean energy future, the city of San José has emerged as a leader in building electrification, offering valuable lessons for other cities nationwide. With residential buildings representing the largest source of natural gas use in the city, San José’s initiatives aim to reshape how these buildings are powered while prioritizing community needs, equity, and affordable housing. In 2022, ULI partnered with San Jose on an Advisory Services Panel (ASP) to inform this policy direction for multifamily buildings of all types. The aim of the ASP was to support the city in enabling property owners to step up their electrification retrofit efforts, encourage the adoption of on-site solar and batteries, and move the market forward.
The U.S. economy did very well in 2024, said Barbara Denham, lead economist for Oxford Economics, and the forecast for the coming year is more of the same—both in New York City and across North America. However, in presenting Oxford’s favorable economic forecast for 2025 at a ULI New York event last month, Denham also noted many caveats ahead of the incoming U.S. administration.