Property Types
Hotels and Resorts
Resorts and vacation homes—always the last real estate sector to recover from an economic downturn—are seeing increased activity, but developers are looking toward the future.
Built on land acquired during the Great Recession, Swire’s Brickell City Centre could transform downtown Miami.
In many--and sometimes surprising--ways, 55-and-older consumers are seeking the same housing amenities and lifestyles as their youngers.
Industrial
With e-commerce activity increasing, the real estate market is scrambling to keep up with a new type of building demand that combines distribution centers with fulfillment centers, said experts speaking at the ULI Spring Meeting.
Global e-commerce titans, such as Google and Amazon and China’s Alibaba, are transforming customer expectations on product selection, convenience, and shopping experiences, which may lead to less demand for traditional retail real estate, Jim Tompkins, CEO of Tompkins International, told attendees at ULI’s Midwinter Meeting in Paris last week.
Extracting oil and natural gas from shale is just one driver of the state’s latest glory days.
Mixed-Use
Through the new Yield Chicago program, seasoned and emerging development professionals are joining to share industry knowledge, networks, and best practices.
In a discussion of the ongoing transformation of U.S. retail, panelists participating in the 2020 ULI Spring Meeting Webinar Series agreed that the authenticity, differentiation, and transparency creating a sense of place in mixed-use retail spaces are likely to be what consumers seek in the future. Single-use spaces are about convenience, but that is only half of what consumers say they are looking for.
As in many growing U.S. cities, much of the new housing in New Orleans is on the high end.
Multifamily
The Institute’s Terwilliger Center for Housing has selected the state of Florida’s ‘Live Local Act’ as the winner of the 2024 ULI Robert C. Larson Housing Policy Leadership Award
As the Fed began a series of rate hikes in 2022, the apartment market went from one of frenzied growth and optimism to a market characterized by decline, be it declining sales volume, declining occupancy, or declining values. As we near year’s end, stability and even positive momentum have begun to take hold, and there is good reason to expect them to carry into 2025 with the return of large, open-ended funds and an improved debt environment.
The U.S. multifamily market was on fire in 2021 and 2022, a time when rent growth hit record highs due to soaring demand. But the market has since come back down to Earth as fundamentals stabilized. Now, amid ongoing high interest rates, heightened deliveries of supply, and deceleration of job growth, many multifamily investors are exploring different strategies to diversify their portfolios, add revenue, take advantage of opportunities, and maintain a competitive edge.
Office
A close look at trends shaping today’s best economic and talent hubs that offers valuable clues into how to create equitable, sustainable innovation districts that prosper.
In a period short on opportunities and long on challenges, design matters even more. Good design principles are always worth employing, whatever the development climate, but three key design aspects pertain in particular: alliance, resilience, and quality.
Despite headwinds, debt funds continue to fill the void in commercial real estate financing.
Residental
The family-oriented U.S. rental housing stock has failed to focus on older millennials with families who require larger units, according to a new ULI report.
RCLCO’s Neighborhood Atlas framework initially examined the 50 largest metropolitan areas in the country to classify each of their suburbs into one of five categories. RCLCO has expanded its analysis to cover six different types of urban neighborhoods as well, expanding to 100 of America’s largest metropolitan areas.
Solutions are slowly emerging as builders attempt to deliver housing that meets the strong demand from middle-class Americans who struggle to afford a home purchase, according to panelists gathered at a ULI housing conference in February.
Retail
Consumers have kept a steady foot on the gas this year. A record-high 197 million consumers shopped in stores or online over the Thanksgiving holiday weekend, according to the National Retail Federation (NRF). The NRF forecasts that holiday sales will grow between 2.5 percent and 3.5 percent, with total retail spending in the United States falling between $979.5 billion and $989 billion during November and December. That forecast also is consistent with NRF’s annual U.S. sales growth—between 2.5 percent and 3.5 percent—for 2024.
After a quiet first half of 2024, CMBS originations increased 59 percent in Q3 on a year-over-year basis, according to the Mortgage Bankers Association’s Quarterly Survey.
Northern Mexico has experienced a significant expansion in the Mexican industrial real estate sector since its major decline from the late 1990s to the early 2000s, due, in part, to low-cost production in China. During the pandemic, that trend began to shift.