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 (below) of 15 active portfolio lenders widened between September 24th. During the period, 10-year Treasury bond yields declined 12 basis points, with average all-in cost equal to equal to 4.76 percent.
The Commercial Mortgage Alert Trepp weekly survey of 15 active portfolio lenders was unchanged between September 17th and September 24th. During the period, 10-year Treasury bond yields declined 9 basis points, with average all-in cost equal to equal to 4.80 percent.
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.
Industrial
In 2025, the country’s industrial market is experiencing a rebalancing in the wake of surging demand and record new supply that marked the early pandemic years. New opportunities in fast-growing markets are emerging, and demand drivers are shifting. New space demand will grow the most, especially for small-bay industrial assets, according to a Q3 2025 report from the business advisory and accounting firm Plante Moran.
Birmingham’s Urban Supply hints at what the next chapter of downtown life could look like. Once-quiet brick warehouses are being reimagined into patios, storefronts, and gathering spaces along a new pedestrian alley.
What trends are shaping the future of the industrial sector? Four experts from ULI’s Industrial and Office Park Development Council talk about the industrial submarkets and property types that offer the greatest opportunities, challenges developers face in bringing new projects to market, ways artificial intelligence and emerging technologies are reshaping the sector, tenant priorities, and other key trends.

Mixed-Use
No one wants an unsafe, uninviting street. So why has this been so difficult to change? And in places where people have successfully initiated change, what are they doing differently?
St. Elizabeths, a historic former psychiatric hospital in Washington, D.C., in the process of being transitioned to mixed use, added a showpiece last fall—the Gateway DC pavilion.
In the 1970s, Ron Basford, a Canadian Cabinet minister and loyal Vancouverite seized on the idea of converting Granville Island into a special place.
Multifamily
A ULI member from the San Francisco Bay area weighs the pros and cons of converting the HVAC system of a 1960s-era office building.
According to survey data from the latest ULI Real Estate Economic Forecast, the current economic recession will be short-lived in the United States, with above-average gross domestic product growth returning in 2021 and 2022. Second, the impact on real estate market conditions and values will be relatively modest and much less severe than the impact experienced during the global financial crisis, with some exceptions by sector.
Aging high-rise residential towers in the city of Toronto are home to nearly 13 percent of the current population, but are falling behind on maintenance. A ULI Advisory Services panel was invited to evaluate a range of solutions.
Office
Hong Kong Central remained the most expensive office market in the world, according to CBRE’s annual Global Prime Office Occupancy Costsreport. Hong Kong Central’s overall prime occupancy costs of US$307 per square foot (US$3,305 per sq m) per year topped the “most expensive” list, followed by London’s West End, Beijing’s Finance Street, and Hong Kong’s Kowloon.
While commercial real estate investors generally take a positive view on coworking, maintaining a balance of traditional and coworking space in a building is critical when it comes to creating long-term capital value. According to a CBRE survey, investors say that a coworking occupancy of a third of the space or less, with a qualified operator, supports a healthy capital value.
Speaking at a ULI Minnesota event, Kevin Cavenaugh, owner of Portland-based Guerrilla Development, said bigger is not necessarily better, and oftentimes it is worse, in terms of the complexity and risk.
Residental
An affluent community dominated by luxury homes and high-end resorts, Florida’s Collier County has struggled to meet demand for workforce housing. A ULI Advisory Service program panel recommended practical strategies for addressing this shortage.
The latest research from the Joint Center for Housing Studies of Harvard University, makes a solid case that the U.S. housing market is firmly on the road to recovery. Yet the report also shines a spotlight on the problems still in play, namely insufficient supply and rising costs that are creating challenges for both renters and homebuyers.
Experts in housing discuss prospects for this year, the preferences of millennial buyers, the importance of providing communities with a strong sense of place, strategies for making homes more affordable, and other trends.
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.