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Annual ULI, PwC Report Finds Certain Pandemic-Related Structural Changes Can Endure While Property Markets Are ‘Normalizing’
Read more about this year's trends.
There is an opportunity to create more equitable communities through investing in people and places that may have been traditionally overlooked and underserved according to the Emerging Trends in Real Estate® 2023.
“The disadvantages of housing affordability, lack of mobility due to inadequate infrastructure, and property taxes will likely negatively impact our market in the coming years.”
Initiatives such as the Bipartisan Infrastructure Law, the Reconnecting Communities Pilot, and the Inflation Reduction Act provide billions of dollars towards advancing economic and environmental justice in underserved communities. These initiatives address accessible transportation, broadband internet access, environmental remediation, and reconnecting black neighborhoods and other communities of color that were previously displaced by decades-old urban renewal programs.
These kinds of programs are significant for increasing remote employment opportunities, enabling access to jobs, advancing economic opportunities, boosting social interactions, and rebuilding once-thriving communities. The more forward-thinking, and flexible, regions that execute successful infrastructure strategies will better succeed and generate more favorable financial outcomes for municipalities, improve the economy more broadly, and increase social outcomes.
Read the full Emerging Trends in Real Estate® 2023 on ULI’s Knowledge Finder platform.
Guided by the Curtis Infrastructure Initiative’s Prioritizing Effective Infrastructure-Led Development: A ULI Infrastructure Framework, the ULI Curtis Infrastructure Initiative identifies and promotes forward-looking infrastructure investments that are equitable and resilient and that enhance long-term community value.
Learn more at uli.org/infrastructure or reach out to [email protected].