ULI: REAL ESTATE MARKET IN 2014 WILL BE 'RECOVERING FROM THE RECOVERY'

摘要

Thanks to the Urban Land Institute's "Emerging Trends in Real Estate 2014," you have some hope of scoring like the Great One (and, I promise, this will be my one and only sports analogy of 2013). At the recent ULI national conference, in Chicago, ULI staff and experts from the consulting firm PricewaterhouseCoopers decoded the institute's annual survey of more than 1,000 individuals from investment and real estate service firms, banks, REITs, residential land development companies, and institutional/equity investors. The good news, according to ULI CEO Patrick L. Phillips, is that the U.S. commercial real estate market is gradually "recovering from the recovery" and will "gain momentum" in 2014. As stated in the 94-page report, "The market has progressed further through the economic and real estate cycles," and there is "real evidence" of momentum in the marketplace. Hallelujah!