The real estate market is bifurcating, the Urban Land Institute and PwC US reported. Some aspects are reverting to pre-covid patterns while others have permanently shifted to the post-pandemic new normal.
Real estate practitioners can better manage climate risk in their portfolios by incorporating climate change threats including wildfires, hurricanes and excessive heat into their business models, the Urban Land Institute and LaSalle Investment Management reported.
Investments in renewable energy could unlock billions in real estate value, help building owners reduce long-term energy costs and generate supplemental income, said the Urban Land Institute, Washington, D.C.
Real estate developers and policymakers can promote equity, environmental resilience and economic mobility by investing in forward-looking infrastructure, said the Urban Land Institute, Washington, D.C.
Significant capital, low interest rates and continued demand for many product types are creating a positive commercial real estate environment, PwC and The Urban Land Institute said in their Emerging Trends in Real Estate report.