Property Types
ULI Property Types provides insights into challenges, opportunities, and innovations specific to each property type, supporting developers, investors, planners, and policymakers in making informed decisions and responding to dynamic market conditions. It organizes and showcases content on the major real estate classifications — including hotels and resorts, industrial, mixed-use, multifamily, office, residential, and retail — to help industry professionals understand how different segments perform and evolve.
Hotels and Resorts
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders was mixed with some widening and some narrowing between October 15th and October 22nd. During the period, 10-year Treasury bond yields widened 5 basis points, with average all-in cost equal to equal to 4.89 percent.
“The broader Australian economy is strong,” explains Roy Sheargold, Chairman of the Sheargold Group, a property development company in Sydney, Australia and a ULI Foundation Trustee. “As a result, confidence in commercial real estate is re-emerging and vacancy rates are falling.” Read what is fueling the economy in Australia, what development is underway and what experts think the market holds.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders widened between October 8th and October 15th. During the period, 10-year Treasury bond yields remained flat, with average all-in cost equal to equal to 4.86 percent.
Industrial
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders trended higher with average spreads up 8 basis points (0.08 percent) between September 3rd and September 17th. During the period, 10-year Treasury bond yields declined 14 basis points, with average all-in cost equal to equal to 4.89 percent.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders continued to trend lower with average spreads down 5 basis points (0.05 percent) between September 3 and September 10. During the period, 10-year Treasury bond yields increased 4 basis points, with average all-in cost equal to equal to 4.95 percent.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders continued to trend lower with average spreads down 5 basis points. During the period, 10-year Treasury bond yields increased 9 basis points. Spreads in the August 31 Cushman & Wakefield Sonnenblick-Goldman fixed and floating mortgage rate survey came in slightly.
Mixed-Use
Creating a thriving mixed-use property is not nearly as simple as putting retail space on the ground floor of a multifamily residential building, even though that is just what many local officials and planners like to dictate, according to a panel of experts at the ULI Spring Meeting in Houston.
Mixed-use projects have the potential to transform urban areas and create long-term value. But as members of a panel at the 2015 ULI Spring Meeting in Houston explained, it is a lot trickier than it might seem to create a successful synergy of uses.
The successful development of the Arena District in Columbus, Ohio, set into motion a nationwide flurry of development of urban sports-oriented entertainment districts, as municipal officials across the country reimagined their city centers as places where people live, work, and play.
Multifamily
Successful development of 20-minute communities in Black and brown neighborhoods requires community involvement and ownership, according to panelists who explored the topic at ULI’s 2021 Fall Meeting.
Khoo Teng Chye, the new chair of ULI Asia Pacific, began his three-year term in July, succeeding Nicholas Brooke, chairman of Professional Property Services in Hong Kong. An urban planner based in Singapore, Khoo teaches at the Faculty of Engineering and the School of Design and Environment at the National University of Singapore. Previously, he was executive director of Singapore’s Centre for Liveable Cities and chief executive officer of PUB, Singapore’s National Water Agency.
Chicago tops the list of U.S. cities with the most adaptive-use apartment buildings, whereas New York City is home to the most converted apartment units in total.
Office
The conversion to primarily open-office floor plans over the past decade is now reaching adolescence, and like many revolutions has created problems as well as possibilities, panelists said at a ULI New York event in February.
A number of cities in the U.S. Northeast are supplanting outdated office product with new thanks to strong, diversified economies; vigorous job creation; and increasing formation of businesses. Further driving development in the Northeast—New York, Massachusetts, Pennsylvania, and New Jersey—is continuing demand from the education and medicine (“eds and meds”) and technology sectors, among others.
Coworking reigns as a core strategy, rather than a craze, against the backdrop of commercial real estate evolving from a space-leasing business to a service-delivery business, said speakers at a ULI Houston luncheon in November.
Residental
State governments, in partnership with cities and other local jurisdictions, can and should do more to promote housing development and choice through smarter local land use policies and incentives, according to a new ULI report.
Newark’s Hahne & Co. Building, Boston’s Mosaic on the Riverway, and Austin’s Wildflower Terrace were selected by the ULI Terwilliger Center for Housing as the winners of the 2017 Jack Kemp Excellence in Affordable and Workforce Housing Award. The annual award, which honors developments that ensure housing affordability for people in a broad range of incomes, is given to developments in which all or a portion of the units are affordable to households earning up to 120 percent of the area median income.
Washington, D.C.’s Department of Housing and Community Development (DHCD) has been selected by ULI’s Terwilliger Center for Housing as the winner of the 2017 Robert C. Larson Housing Policy Leadership Award, an annual recognition of the innovative ways the public sector is addressing the country’s affordable housing crisis. DCHD, chosen for the award by a jury of national housing industry leaders, was honored during the Terwilliger Center’s Housing Opportunity Conference in New Orleans.
Retail
The National Retail Federation predicts a record-breaking 2025 holiday season, with U.S. sales for November and December projected to grow between 3.7 percent and 4.2 percent—pushing total holiday sales past $1 trillion for the first time. Yet there also are signs that consumers are nervous; that mood, plus accounting for inflation, could leave holiday spending relatively flat.
From Dead Mall to Living District: Replacing the “Great Wall of Galleria” with a Connected Urban Core
For decades, civic leaders have tried to revitalize Market Street, San Francisco’s central thoroughfare, only to see their efforts founder. “I sometimes call it the great white whale of San Francisco,” says Eric Tao, managing partner at L37 Development in San Francisco and co-chair of ULI San Francisco. “Every new mayor, every new planning director, every new economic development director has chased that white whale.” This year, however, an international competition of ideas hosted and run by ULI San Francisco, with support from the ULI Foundation, generated fresh momentum for reimagining the boulevard. The competition drew 173 submissions from nine countries and sparked new conversations about the future of downtown San Francisco.