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
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.
Ian Wilson, senior vice president of nongaming operations and chief operating officer, Marina Bay Sands, addressed the 2019 ULI Asia Pacific Leadership Convivium, explaining how the resort-casino operator uses data in its operations.
Hotels and office buildings are taking on many of each other’s characteristics in terms of design and use. This confluence has several drivers, among them the evolution of technology, shifts in guest and tenant expectations, and the increasing mobility of the American workforce.
Industrial
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.
Mixed-Use
Many mixed-use projects get the hardware right. They feature a thoughtful mix of uses, beautiful buildings, and name-brand tenants. Far fewer get the “software” right—the pedestrian flow, the plaza experience, the hospitality-level service, and all the subtle details that turn a mixed-use project into something more. These elements transform a development into a vibrant, urbanesque destination—one that delivers on the promise of being a true community gathering place.
In Midtown Atlanta, the Georgia Institute of Technology Foundation is turning the 100-year-old former Biltmore hotel into a mecca for incubating technology startup ventures.
When Ballantyne first emerged out of North Carolina farmland, more than 30 years ago, the original developers of this master-planned project already had a concrete vision in mind for its future: evolution. The development team intrinsically understood that, as Ballantyne—an affluent community nestled in south Charlotte—would expand beyond its farmland roots, the project would need to adapt to meet the needs of a more diverse and changing demographic.
Multifamily
The scarcity of on-campus housing—especially affordable housing—means many students have little choice but to forgo the convenience, economy, and other benefits of campus life. Now, California State University, Northridge (CSUN) has become the first in the CSU system to address this disparity by adding new on-campus housing that is both affordable and can be quickly replicated across the entire system to bolster its on-campus populations.
Jeff Lubell recently joined ULI’s Terwilliger Center for Housing as a senior fellow. In this capacity, on a part-time basis, he will provide strategic direction, engage in research, and offer technical support to further the center’s commitment to ensuring that everyone has a home which meets their needs at a price they can afford. He’ll spend the balance of his time working with the Housing Innovations Group, which provides policy consulting services to state and local governments, foundations, nonprofits, and other clients.
The Opportunity Zone program, a national model to spur private investment of housing in underserved areas, has been extended by Congress beyond 2026, marking a significant opportunity for real estate professionals. This innovative initiative not only helps rebuild communities but is a win-win for residents, property developers, and investors. The program’s success in transforming economically distressed areas has proven its value, making it crucial for industry leaders to continue supporting it.
Office
As it contends with the same post-pandemic challenges that confront other urban cores nationwide, downtown Denver is leveraging public/private partnerships to bring back vitality. At the ULI 2025 Spring Meeting in Denver, Colorado, five leaders involved with the city’s revitalization shared recent successes and plans for Denver’s future.
Local governments are rolling out new and updated programs—including tax incentives and zoning amendments—to encourage developers to convert vacant office buildings to some other use.
Every commercial real estate cycle presents a unique opportunity to drive innovation and refine investment strategy. That’s among the takeaways from Urban Land’s interview with industry vet Jim Brooks, president of Los Angeles–based BH Properties. Brooks brings deep experience in navigating cycles and unlocking value, with a resume that includes The Koll Company, Morgan Stanley, Tishman Speyer, and Columbia’s real estate Master’s degree program.
Residental
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.
Experts discuss the growing crisis of housing attainability for lower- and middle-income households across the United States, including ways the private and public sectors could help increase housing production, preserve existing affordable housing, and give more people access to housing; strategies for encouraging communities to accept more housing construction; and other related trends.
Retail
While retail leasing in the United States has been healthy according to JLL’s Q2 data, retailers have shown a preference for smaller formats while repurposing some parking for other uses.
ULI San Francisco recently hosted a panel revisiting the recommendations made by ULI Advisory Servies panelists to revive the downtown and highlighting the progress that has been made.
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.