in the Kay Bailey Hutchison Convention Center and other DFW locales. Pressman took over ULI’s top position early this month.At its baseline, it's employment growth, job creation, job availability,” he said. “In the markets that are most attractive to the real estate community, it's all about the markets that are magnets for population migration as well as corporate migration.
Rising sea levels and the increasing frequency and severity of extreme weather events like wildfires, hurricanes and excessive heat are some of the consequences of a changing climate. The world is facing unprecedented levels of drought. The frequency, intensity and duration of droughts are increasing, leading to problems like regional wildfires, and the pattern is expected to continue or even escalate with climate change, according to the ULI Urban Resilience program’s latest report,.
Commercial real estate represents about 40% of the carbon footprint of the world, Pressman told me in our interview. Bringing CO2 levels down can contribute to a more predictable, sustainable environment, he said.In addition to climate concerns, the real estate pros surveyed by PwC have other worries.
Any slowdown would intensify concerns about a looming oversupply of both residential and commercial real estate. The head of an institutional investment advisory firm told PwC’s survey takers that they are paying much closer attention to supply in traditionally unconstrained markets, “especially Dallas, Atlanta, Austin and Phoenix,” according to the report.