"After three years of dislocation and unprecedented loss, commercial real estate industry investors and professionals hint at hopeful signs of tempered commercial real estate market improvements, according to respondents of the Emerging Trends in Real Estate® 2011 report, released today by PwC US and the Urban Land Institute (ULI). "
In the midst of economic uncertainty, there are still some elements of certainty – such as demographic shifts, financial industry restructuring, global competitiveness, and sustainable building – that will guide real estate investment and reshape urban growth trends in the years ahead, according to a new report from the Urban Land Institute (ULI).
Finding Certainty in Uncertain Times, a collection of commentaries from ULI’s five senior resident fellows Stephen Blank, Edward McMahon, John McIlwain, Thomas Murphy and Michael Horst, examines trends in population growth, consumer housing preferences, employment, real estate finance, environmental conservation, energy efficiency, venture capital investment and public leadership. These factors, according to Finding Certainty, are converging to shape a new era of urban economics within which cities and urban regions will have to compete in order to be successful in the 21st century. “These trends will continue regardless of location, of which political party is in power, and of how quickly we recover from the recession,” says the report. “Taken collectively, they will create the ‘new normal.’"Source: ULI