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Despite the office sector’s current bleak outlook, the longer-term outlook is much rosier, speakers said at the ULI Virtual Fall Meeting.

ULI MEMBER–ONLY CONTENT: The pandemic has triggered a bigger decline in hotel and resort revenues (measured by revenue per available room) than the previous five economic crises combined, said panelists speaking on the hotel and resort sector outlook during the 2020 ULI Virtual Fall Meeting.

SPONSORED POST:See the latest trends in CRE and learn how slow payments in the construction industry generated domino effects costing an estimated $100 billion in 2020. Rabbet, a provider of cloud-based software for managing construction finances, surveyed real estate developers, lenders, subcontractors, and general contractors and packaged the results in its two latest reports.

ULI MEMBER–ONLY CONTENT: Health is not just a trend in real estate development but an important factor that differentiates projects and benefits people and communities, Randall Lewis, ULI Foundation governor and executive vice president of Lewis Management Corp., said at a 2020 ULI Virtual Fall Meeting product council session he moderated on healthy living principles.

Since 2014, the United States has averaged 300,000 more household formations per year than residential permits issued. While the number of residential construction workers has increased to meet the need, more housing is still needed. If the United States could return to pre-2006 ratio of 2.1 new residential permits for every residential construction worker, there would be almost 400,000 additional housing permits per year, all without adding a single new employee.

A new kind of industrial and logistics property—a regional hub for e-commerce fulfillment with access to rail networks, airports, and interstate highways—is rising in places like the Rickenbacker Industrial Park, outside Columbus, Ohio.

Communities around the world are racing to control the spread of the novel coronavirus and the disease that it causes, COVID-19. Increasingly, that means implementing aggressive social distancing measures, which can inhibit the spread of the virus and flatten the transmission curve. Given what is known about the virus so far, using building strategies to help slow the spread of the disease makes sense to help protect those who must work in an office or commercial setting and in multifamily settings.

Over the past week, the disruption caused to everyday life by COVID-19 has increased significantly, and it is apparent that limiting contact with other people for an extended period will be required to arrest the spread of the virus. Following the latest guidance from U.S. and Canadian health agencies, our Global Board of Directors has made the decision to cancel the Spring Meeting.

At a ULI Central Florida event, panelists discussed their strategies for turning around a underperforming retail districts in nearby St. Petersburg, largely through the curation of a more specific tenant mix.

ULI has collected links to resources relevant to those who own or manage real estate assets, and real estate-related businesses and workforces. From office to retail to mixed use to multifamily settings, building management and operations strategies can be deployed to help fight the spread of infectious disease and pathogens like the coronavirus.