Gardner/Fox President Brook Gardner attended the annual Urban Land Institute 2013 Emerging Trends in Real Estate forecast on November 29th at the Union League. The well-researched, detailed ULI report predicts the following for 2013:
Emerging trends for the design and construction industry:
- Multi-family rental housing is overbuilt
- Home builders should expect marginal improvements
- Compactness, people and business seek smaller spaces
- Rethink and adapt the suburbs
Best Development Bets
- Infill locations around mass transit hubs
- Industrial facilities in transportation hubs (ports and airports)
- Repurpose obsolete property
- Apartments, Office and medical office in 24 hour urban markets
For more information contact the ULI, http://philadelphia.uli.org/
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