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In a world where consumers have grown accustomed to streaming whatever movies they want on demand and having purchases delivered to their doorsteps the next day, commercial real estate needs to focus its efforts in innovation on providing better consumer experiences, panelists said at the “Innovative Trends in Commercial Real Estate” session at the 2021 ULI Fall Meeting in Chicago.

The life sciences industry is booming, and recruiting and retaining talent is the top concern for the leaders of life sciences companies, according to a panel of four Chicago-based experts who spoke at a concurrent session during the 2021 ULI Fall Meeting.

Technology, cybernetics, and the importance of innovation were at the heart of the final day of ULI Asia Pacific’s RE Imaginevirtual conference. Keynote speaker Dr. Catherine Ball spoke about the importance of innovation and using systems-led thinking to build better cities and spaces.

A focus on technology, diversity, and the impact of the post-COVID world is key for the next generation of ULI Asia Pacific member leaders, said panelists at the ULI Asia Pacific RE Imagineevent. The second day of the virtual conference featured some of the brightest young leaders in real estate in the region, talking about their priorities, ambitions, and recipes for success.

The economic recovery in Washington, D.C., continued through the close of the third quarter of 2021. Office leasing activity is ongoing, though at a slower pace than years past, while asking rents are rising (up 2.1 percent from 2020 according to Newmark). The overall D.C. vacancy rate is just over 18 percent, according to CBRE.

Hong Kong, Singapore, and Japan are expected to recover swiftly from pandemic shocks over the next three years, according to ULI Real Estate Economic Forecast for the Asia Pacific region covering 2021 to 2023.

Successful local industries fuel healthy office markets and, in recent years, technology has slipped into this fold more than any other industry. Higher occupancy and rent levels tend to concentrate in markets with skilled tech workers, so as tech thrives in a given market, the office sector follows suit.

The latest Reading List from Urban Landis now available on ULI’s Knowledge Finder, covering the nearly $100 billion worldwide industry of parking.

At ULI South Carolina’s Capital Markets Conference, panelists outlined strategies that are leveraging the strengths of the private sector to create and preserve affordable housing in areas experiencing rapid growth.

Singapore-based developer CapitaLand is harvesting data to boost the revenues of its retail tenants and to help it locate future malls. Speaking at the ULI Asia Pacific Convivium, Chris Chong, managing director at CapitaLand Retail, said that the company uses data to boost both footfall and spending for tenants in its malls, which will ultimately benefit the landlord.