Two years after the start of the global pandemic, the outlook for the U.S. hotel industry is decidedly positive. STR, a CoStar Group company and a global leader in hospitality analytics, continues to report ever-improving metrics in the United States. The prospects for the sector are embodied in six themes.

Eight new hotels are now under construction in Chicago’s central business district, totaling about 1,500 new rooms, according to the latest list from STR Group. Developers are also planning to start construction on more than a dozen other new hotel projects, totaling an additional 3,700 new rooms.

Though investor interest in the hospital sector was muted for most of 2020 in response to the uncertainty of the COVID-19 pandemic and global travel, the lodging industry is poised to rebound in 2021, according to JLL Hotels & Hospitality’s annual Hotel Investment Outlook.

Demand for industrial space has pushed vacancies to historically low levels. But the high tide may no longer be lifting all boats. A surge in new supply along with a growing appetite for more modern facilities is putting more pressure on the sector’s aging building stock. Legacy buildings are having a tougher time keeping up with the changing demands of today’s space users.

A confluence of economic and geopolitical trends is changing global supply chains and driving increased demand for industrial and logistics real estate in Southeast Asia, according to industry leaders at ULI Asia Pacific’s REImagine conference.

The COVID-19 pandemic made 2021 a historic year for the shipping and logistics industry, as rising e-commerce sent large retailers and general merchandisers scrambling for warehouse space to hold their inventory, supply-chain issues delayed shipments, real estate developers strained to keep up with demand, and local governments struggled to issue permits quickly with employees working from home.

Kansas City’s Berkley Riverfront, on the banks of the Missouri River, is rapidly becoming one of the most promising urban developments in North America. With a history rooted in trade and commerce, and an unmatched reputation for world-class sports, the Heartland of America riverfront is on the brink of becoming a diverse, modern-day community hub of activity, blending residential, commercial, and recreational space.

A recent announcement from the Atlanta city government has once again sparked conversation around the redevelopment of a once-vibrant mall in Atlanta’s historic West End neighborhood.

The construction landscape has largely held steady across the United States and Canada.

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.

In the heart of London’s Covent Garden neighborhood, a complex of five Victorian-era structures—previously housing a seed merchant company, a brass and iron foundry, and a Nonconformist chapel, among other uses—have been restored and adapted into a single, cohesive office building with ground-floor retail and dining space. The three-year restoration preserved the property’s industrial heritage and provides flexibility to meet the needs of today’s workforce.

In late September 2019, 7,300 commuter students were settling into their routines at the University of Southern Maine (USM) in Portland, where the academic year had just begun. Then, at the end of the month, a fire main broke beneath the repurposed industrial building serving as the student center, flooding it with six inches of mud. City officials declared the building uninhabitable, leaving the school without a student center.

Canada’s real estate market is in the midst of a pivotal shift as the Bank of Canada (BoC) rolls back what has been “higher for longer” interest rates. Yet despite welcome relief on financing costs, real estate leaders are still moving somewhat cautiously amid uncertainty and fluid market dynamics.

Developers, nonprofits, and advocates for homeless services believe that now is an ideal time to raise awareness of Title V.

Many Americans are considered severely rent-burdened, as they spend more than 50 percent of their earnings on housing. For people with disabilities and the elderly, there is a triple whammy—prices are soaring, their incomes are not keeping pace, and only a fraction of housing is built to accommodate those with limited mobility.

The Green and Resilient Retrofit Program, a new program, has made funds available from the Inflation Reduction Act to support decarbonization and resilience upgrades.

The impact of daytime workers on certain types of retail has long been overstated. Yes, they provide critical support for lunch eateries and coffee bars, as well as select services including fitness studios and shoe repair. But downtowns could never count on this demographic for much more than that.

Headlines have long proclaimed the demise of the American shopping mall. Despite undeniable shifts in the retail landscape, the truth about these spaces is more nuanced. These massive parcels often stand in prime locations and therefore hold massive potential to sidestep scrap-and-redevelop and to truly evolve.

It’s tough to view a strong economy as bad news. Yet a firmly positive economic projection in ULI’s Real Estate Economic Forecast does not bode well for commercial real estate participants who are hoping for relief in rate cuts from the U.S. Federal Reserve.