Emerging Trends in Real Estate®, copublished annually by ULI and Corporate Member PwC in separate versions for the Americas, Europe, and the Asia Pacific regions, is a prime example of member expertise serving as ULI’s content, and of the Institute’s time-honored tradition of members sharing knowledge for the benefit of other real estate professionals and the industry in general. The three editions of the 2018 report, prepared and produced by the Center for Capital Markets and Real Estate, reflected the insights and opinions of nearly 4,000 ULI members from around the globe.
The 2018 reports showed consistent themes across the three regions:
– Investors, flush with capital, turning to smaller markets due to high costs and high risk for core real estate in global gateways;
– Senior housing gaining prominence as a favored investment; and
– Rising demand for warehouse and logistics real estate to meet the quick-delivery demands of e-commerce.
The Americas edition, covering the United States and Canada, ranked Seattle, Austin, Salt Lake City, Raleigh/Durham, and Dallas/Fort Worth as the top markets for investment and development in the U.S. “Traditional gateway markets have gotten so competitive that we are looking at adjacent submarkets and the top secondary markets,” noted an interviewee. In Canada, Vancouver was ranked highest. “It’s more and more a seller’s market, and speed is increasingly important,” said one interviewee about the city.
The Europe edition ranked Berlin – the host city for ULI’s 2018 Europe Conference – as the most favorable investment and development market for the fourth consecutive year. “Germany has been in a steady state for a long time now. With Berlin, people truly believe it’s going to become a major city,” said an interviewee. Copenhagen, Frankfurt, Munich, and Madrid also received high rankings.
The Asia Pacific edition ranked Sydney, Melbourne, Singapore, Shanghai and Ho Chi Minh City as the top markets. “From an occupational market point of view – which is where for core investors the long-term value lies – the question is where can we drive demand and where can we get rental growth,” said an interviewee.
Emerging Trends in Real Estate®, among the industry’s most highly regarded and anticipated forecasts, has been copublished by ULI’s Center for Capital Markets and Real Estate and PwC since 2003. Other reports produced by the center include the biannual Real Estate Economic Forecast, which features predictions from the nation’s leading economists and industry analysts.
Use Knowledge Finder to access the most recent editions of Emerging Trends as well as editions from previous years.