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
Holiday travelers may notice that airport-connected hotels are incorporating more regional touches, from façade to dining. Here are five examples that offer the ultimate luxury, a short walk from guest room to terminal.
The hotel industry in the United States faces complex challenges in 2025, according to Jan Freitag, national director of hospitality analytics for the CoStar Group. During the “State of the U.S. Hotel Industry” presentation at the ULI 2025 Spring Meeting in Denver, Colorado, Freitag highlighted the challenges facing the hotel business amid macroeconomic uncertainty.
Once a sprawling expanse of uncharted land, Las Vegas, Nevada, has evolved into the entertainment capital of the world, a gaming super-hub, and a premier destination for sports. This remarkable transformation didn’t happen overnight; it stemmed from decades of strategic planning, investment, and visionary zoning recommendations.
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
Homes near public transit retained their value better during the recession than their counterparts in auto-dependent areas, according to a recent study. What’s impressive is the extent of it: In five metropolitan areas, residential property values performed 42 percent better on average.
Neighborhoods with a mix of residences, offices and retail outlets are thought to have a host of benefits. But a new study found that commercial-only areas also had the highest crime rates when compared to similar blocks that included residences.
A new public/private, mixed-use Uptown project unites celebrated but disparate institutions in Cleveland’s University Circle district.
Multifamily
Speaking at ULI Arizona’s Trends Day, held in January at the JW Marriott Phoenix Desert Ridge in Phoenix, an entrepreneur described how there is still room for differentiation in the growing shared-workspace industry.
A series of presentations at the ULI China Mainland Winter Meeting, held in Shanghai in December, demonstrated how the growth of the sharing economy, combined with the desire for social connectivity, is affecting the development and management of office, residential, and hotel properties.
With rising demand for small cohousing units, developers in Asia embrace the for-rent market.
Office
The transformation of office space continues, with collaborative, shared spaces replacing traditional private offices and cubicles.
Ten years ago, San Antonio’s bond program dedicated a mere $10 million to downtown improvements. By 2012, that number had jumped to $90 million, and the most recent bond initiative, passed in May, earmarks $170 million for downtown projects.
With a handful of WELL-certified projects now in operation and hundreds in the certification pipeline, real estate owners and developers are starting to take a hard look at the business case for healthy building certification.
Residental
Immigrants have been and will continue to be a major source of U.S. housing demand and were critical to the recovery of housing markets after the 2009 recession, according to a report published by the ULI Terwilliger Center for Housing.
The ULI Terwilliger Center for Housing is examining the housing characteristics and residential location choices of the America’s foreign-born population to better understand the impact that immigrants could have on local housing markets.
Los Angeles is now the top city in Marcus & Millichap’s National Multifamily Index, moving up 11 spots from a year earlier. The move was fueled by a forecast for further tightening in vacancy and minimal supply growth. Robust job growth pushed Seattle-Tacoma seven spots higher to place second on the list.
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.