Urban Land Institute releases its annual Emerging Trends in Real Estate Report
In Las Vegas, investment in City Hall, the Downtown Container Park, and Airstream Village has mended urban blight and created a vibrant part of the city. Other cities, from Raleigh, N.C., to San Diego, are also developing their downtowns, building live, work, and play locations that lead to growth opportunities.
Curbed examined Urban Land Institute’s annual Emerging Trends in Real Estate Report and found 10 emerging trends in real estate. In addition to sprucing up downtowns, the report indicated that the real estate market will remain calm, despite signs of a slowdown. The labor shortage will remain an issue, affordability will have to be improved, and more cities will cater to walkability.
New technology will be key. Cities will install a network of sensors to connect residents and increase energy efficiency in buildings. Real estate agents will lean on virtual reality to help make their sales. And, a large-scale project is in the works.
For months, the real estate market—and markets in general—have suffered a lack of security. From the Brexit aftermath to the U.S. election, political wildcards as well as structural market shifts have made prognostication and predictions difficult.
But there are still fundamental changes at play and, amid the ups-and-downs, the United States has emerged as a safe haven and investment opportunity. According to the Urban Land Institute’s annual Emerging Trends in Real Estate Report, which was just released this morning at their annual meeting in Dallas, real estate in the United States shows a more favorable outlook than much of the rest of the world.