Real Estate

This report looks at the potential impacts autonomous vehicle deployment could have on parking demand and how that might impact urban development. The study focused on three distinct areas of San Francisco. The research found that, contrary to headlines about AV impacts on parking, achieving large reductions in parking demand based on AV deployment will not be easy. To achieve significant parking reductions, AVs would need to be shared (not privately owned), pooled (riders willing to pick up other passengers along the way), have widespread geographic deployment (across entire metropolitan areas), and would need to complement high-capacity transit. Without all or most of these factors, parking demand may only by marginally impacted by AV deployment. The study also found that if parking demand could be reduced, different areas of the city would see quite different results. While many areas in San Francisco would see minimal development impacts as parking is not currently a significant driver or limiter of development, more auto-dominated areas could see substantial impacts if parking demand could be reduced by more than 40%. This raises interesting questions of how these levels of parking demand reduction might impact more auto-dominated and suburban areas throughout the country. This research was funded by Waymo.

How is the COVID-19 pandemic changing urban living? In this paper, we explore the landscape of COVID-19 disruptions to date on land use and real estate, urban design, building design, transportation, e-commerce and retail, and goods delivery. We also highlight the longer-term questions and potential ongoing impacts COVID-19 might have on the built environment.

Urbano has been developed by Cornell University and other organizations. This software has some special features like download geospatial data, import and aggregate data, lookup and modify metadata, routing in different modes, analyze amenities and streets, integrated cad workflow, etc. Also, is useful to quantify urban parameters like amenity demand, streetscore, amenityscore and walkscore. It has a friendly interface to visualize different urban planning parameters.

This report details the current state of the North American industrial market in 2020 and its projected growth over the next couple years.

"This memorandum outlines the process, objectives, and findings of an analysis the City of Portland Bureau of Planning and Sustainability (BPS) engaged Economic & Planning Systems (EPS) to undertake regarding whether proposed density bonuses would create sufficient additional residual land value to compensate for newly-established regulatory requirements in Multi-Dwelling Unit zone districts."

This article provides a list of retail store closings including department stores, specialty retailers, grocery stores, and food service chains.

“The growth in e-commerce is driving up demand for smaller industrial spaces nearer to cities so fulfillment firms can quickly get their products to customers, but it remains to be seen if fulfillment centers will start operating in suburban neighborhoods.”

While many rural towns across the U.S. are experiencing shrinking populations as young people pursue opportunities in more urban areas, the small town of Onalaska, WA has been growing. This is due in large part to the community’s investment in education and outdoor recreation.

This report discusses 761 walkable urban places in the United States' 30 largest metropolitan areas and their impact on social equity and educational attainment, and their economic impact on office, retail, and housing land uses.

There is a growing market for pedestrian- and transit-oreinted development. This article outlines existing literature in order to assess how increased demand for these types of developments is impacting land value. It also includes suggestions for further research on the topic.

Buffalo has become to first major city to completely remove its outdated minimum parking requirements citywide.

This paper provides a review of recent studies of rail transit's impact on property values and discusses the types of impacts rail transit can have on properties. It also outlines the reasons for contradictions between results of different studies.

The growth of e-commerce in the past led to a decrease in brick-and-mortar retail presence, but it appears as if the tides are changing in favor of re-investing in the physical retail market. The line between online and physical commerce is beginning to blur, and companies such as Amazon aim to combine their strategies to expand in both markets.

Gas stations around the country have been in declines for the past couple decades due to shifting fuel sources away from gasoline and changing land value in cities.

Gas stations can be tricky sites to redevelop because they are often contaminated. However, developers around New York have recognized the potential in their often desirable locations and converted them into a variety of uses such as shops, offices, housing and places for generating renewable energy.

This website serves as a guide to how e-commerce has affected industrial real estate and building design.

One-day and same-day deliveries are causing companies to need warehouse space closer to the dense urban areas they are serving. However, this land is scarce, expensive and involves a long development process.

“Retailers and logistics firms are establishing warehouses closer to large urban centers to keep up with rising consumer demand for faster delivery of products ordered online.”

Logistics development company Prologis has built the first multi-story industrial warehouse in the U.S. just south of Seattle. Other multi-story warehouses have been planned or proposed in New York City, San Francisco and Los Angeles as growing e-commerce demands faster deliveries.

“Using the number of square feet leased in similar center types, data shows a cyclic shift from more traditional tenants – such as apparel – to necessity-based and experiential tenants.”

Many developers are trying to keep their malls relevant as traditional big-box retailers announce store closures. This articles highlights five examples of malls around the U.S. that have plans to reinvent themselves as mixed use and experiential destinations.

Many traditional malls have come up with creative ways to transform themselves to stay relevant in the 21st century and maintain sources of revenue as store closures rise. The typical malls with large atriums, department stores, food courts, and parking lots are finding new uses for these spaces including fitness centers, apartments, event spaces, markets, and mini theme parks.

2019 saw a record number of retail store closings, however the actual retail square footage was not proportionally impacted. This emerging trend is due to smaller tenants opening more stores and retailers shedding space in order to improve sales productivity.

Traditionally massive big box store retailers like Target and Dollar General are opening smaller versions of their stores in urban areas and college campuses to bring in new customers that were previously too far away from their bigger suburban stores.

This is a survey of 3,000 adults in the top 50 metropolitan statistical areas in the U.S. about the quality of life in their communities.

This framework provides an overview of the work Urbanism Next does and how we approach our research.

Residential Preference: the social, environmental, and physical preferences that affect a person or family’s choice of residential location (for our purposes, in relation to the urban core and other amenities offered as a part of living in density) The introduction of autonomous vehicles and the comprehensive integration of E-commerce into the urban and suburban fabric will have a widespread effect on the factors the influence a resident’s location preference.

Open source simulation platform for supporting planning and analysis of urban development, incorporating the interactions between land use, transportation, the economy, and the environment.

Decision-makers guidebook for strategy development, process in planning, procuring and operating policy decisions in transportation.

Open-access scenario planning package that allows users to analyze how their community's current growth pattern and future decisions impacting growth will impact a range of measures from public health, fiscal resiliency and environmental sustainability.

Free, open source tool that can support presenting budget flows in transport in a particular city through a sankey visualization.

Urban innovations company Sidewalk Labs and the Canadian government announced a partnership Tuesday to develop 750 acres along Toronto’s waterfront into what they envision as a high-tech living laboratory for solving urban problems. It would be the largest urban redevelopment project in North America.

This study presents the emerging trends of Real Estate in 2019, such as firm Profitability prospects, real estate business prospects, housing issue, retail transforms, tax reform, and capital market. It also analyzes the trends for different type of property and different region of US and Canada.

This chapter estimates how minimum parking requirements increase the cost of constructing housing, office buildings, and shopping centers. It also explains proposed legislation to limit how much parking cities can require in transit-rich districts.

The article describes the trend of mall development strategy and how the now model of development is integrated into the new lifestyle and space of community.

In working with Waterfront Toronto, the public entity that owns the land, to develop Quayside, Sidewalk Labs would reimagine urban life in five dimensions—housing, energy, mobility, social services, and shared public spaces—with an aim to “serve as a model for sustainable neighborhoods” around the world.

The rise of renting in the U.S. isn’t just about high housing prices, or preferences for city living, but about the flexibility to compete in today’s economy." This article examines the changes in trends of housing ownership versus renting.

Between 1998 and 2005, employment in the U.S. warehousing industry grew at a compound annual growth rate of 22.23%, and the number of establishments increased at compound annual growth rate of 9.48%. Over this same period of time, the price for transportation fuels increased dramatically and became much more volatile. In this paper we examine the microeconomic and macroeconomic forces that have enabled such rapid growth in the warehousing industry. We also analyze structural change through employment and warehouse construction starts data and show that a new breed of warehouse has emerged – the mega distribution center, or mega DC.

This article explores the rate of retail store closures, its effects on employment, and the role of economy market forces on the changes.

Amazon can now be used for housing - a build-you-own tiny house kit is available online for $7,250.

This info-graph and write-up display the costs that parking spaces incur and how they are bundled into our lives.

Experts predict Amazon will use the Whole Foods stores, in part, as hubs for grocery pick-up and delivery, helping Amazon resolve the “last mile” dilemma." Overall, it should create opportunity in real estate but take more strategy.

This article discuss the changing consumer behaviors and the some e-commerce business' support for retails can help brick-and-mortar retail grow.

"This paper presents a comprehensive discussion of the value capture mechanisms that cities can and do use to help finance their public transport systems. It highlights the most important findings from the literature and adds to it with new insights gained through case studies of public transit finance in six European and American cities. The objective is to inform a lively and productive dialogue on non-fare sources of public transport finance, and ultimately to find the best ways to finance the maintenance and extension of transit service in cities around the world."

This study examines the potential changes in residential location choice in a scenario where shared autonomous vehicles (SAVs) are a popular mode of travel in the Atlanta metropolitan area. This hypothetical study is based on an agent-based simulation approach, which integrates residential location choice models with a SAV simulation model. The coupled model simulates future home location choices given current home location preferences and real estate development patterns. The results indicate that commuters may relocate to neighborhoods with better public schools and more amenities due to reductions in commute costs.

Using data from the recently released American Community Survey, this report examines population change in the 51 metropolitan areas with 1 million or more population, and focuses on the change in population in close-in neighborhoods, those places within 3 miles of the center of each metropolitan area’s primary central business district.

This article explores the possible motives for online retailers to open up physical stores.

The amount of retail space going dark in 2018 is on pace to break a record, as companies with massive floor plans are either trimming back their store counts or liquidating entirely.

Bonobos, a popular menswear e-tailer, opened a brick and mortar store on Manhattan's Fifth Avenue, but you can't actually leave with anything. This article explains how the store works.

In 2013, eyewear e-commerce pioneer Warby Parker opened its first retail store in SoHo with fairly low expectations. In 2015, that store still occasionally had a line out the door on weekends, and Warby Parker had 12 retail locations across the country, with plans to open seven more before the end of the year. This article explores why the online-native eyewear retailer chose to open so many stores in such a short period of time.

Applying the simulation research, the scholars recently found that Millennials are moving back to the city, and also moving to the suburbs, even though the question of whether they are leaving the city for the suburbs is unsure. The demographic factor also drives their living preferences.

A new analysis tracking the relationship between transit access and apartment rent seeks to put some numbers behind the dramatic shifts in urban mobility. The new study by RCLCO, a real estate consultancy, and TransitScreen, a company that provides real-time arrival and departure info, analyzed 40,000 apartment developments nationwide, which contained roughly 9 million units, to determine how access impacts costs in different cities and neighborhoods. Results found that improvements in access to bike-sharing and ride-hailing made a more significant difference nationally than access to traditional transit or carshare services.

The 2017 Community and Transportation Preferences Survey echoes many of the major findings from the previous surveys. Residents in the fifty top metropolitan areas continue to be split on what they look for in a neighborhood. A small majority prefer the idea of a walkable community and more alternatives to driving, but suburban living remains highly attractive to a sizable portion of the community.

Meal-delivery companies are the ultimate symbol of the most powerful force in business today: convenience maximalism. But it comes with ethical, ecological, and economic costs.

This paper examines the suburbanization of warehousing and trucking activity within US metropolitan areas between the 1980s and the present using Gini indices as a measure of concentration. While historical work exists on the relocation of transportation and warehousing activity to suburban locations, there has been little to document the most recent shifts in warehousing and logistics. This research does so via spatial analysis of Economic Census data, finding that while most US metropolitan areas have experienced decentralization in the spatial distribution of freight-related activity, there is also some growth in core counties, indicating that a more complex process is going on than simple suburbanization.

Most of today’s retailers and their supply chain advisors understand the shift in retail sales to the online channel but, for many years, the inclusion of gasoline, groceries, and automobile sales in U.S. retail sales numbers masked the true extent of eCommerce penetration. This is a blog summary of a longer report.

Nordstrom has officially opened its first store without inventory, testing a new format for the department store chain called Nordstrom Local.

With its 1950s aesthetic intact, Knightley’s Garage is more than a kitschy throwback to the past. Wichita’s repurposed parking facility may actually be an indication of things to come. As personal auto ownership declines in urban downtowns, car-related urban infrastructure is increasingly underused. Some garages, like Knightley’s, are ripe for adaptive reuse. Others are being constructed from scratch in ways that will allow them to be repurposed down the road.

This article looks at how "retailers are honing their distribution center strategy to meet current e-commerce demands.

This article mentions the visible downfall of malls and large stores like Sears and Toys R Us, but it highlights how these stores have impacted individuals and their stories from growing up visiting them.

Between April 18 and May 9, 2014, Davis, Hibbitts & Midghall, Inc. (DHM Research) conducted an online survey of respondents living in Clackamas, Multnomah, Washington and Clark counties about their current and preferred residential and neighborhood preferences. The objective of the survey was to assess general opinions and preferences around housing and neighborhood choices and factors that may influence those choices. Portland State University and Metro developed the questionnaire with input from DHM.

Amazon.com Inc. has agreed to take space in a first-of-its-kind three-story warehouse, a new type of distribution center that could reduce delivery times in congested cities to hours rather than days. While common in densely-populated Asian and European cities, modern warehouses with multiple floors have been absent until recently in the U.S., where higher land and construction costs deterred developers. But now that more retailers are racing to deliver more same-day packages, developers are starting to build the multistory fulfillment centers needed to speed delivery in congested cities.

A first-of-its-kind law will give New York City data on small businesses fleeing the city as retail rents skyrocket. But skeptics fear that won’t be enough.

As e-commerce sales march ahead of in-store sales, the major issue discussed at the Retail Industry Leaders Association’s (RILA) Retail Supply Chain Conference: Logistics 2013 was best practices for developing and executing an omni-channel distribution strategy. And real estate—particularly distribution centers (DCs)—is a significant part of the process. This article reviews the main questions asked during the conference.

This article discusses the trend of corporate entities moving to downtown areas. The reasons include millennial generation, livability of downtown, industrial shift, active transportation access, etc.

At 92 million strong, millennials are an economic and demographic powerhouse. They’re also different from every preceding generation since they’ve grown up with personal computers and smartphones. They’re used to a connected world in which information, goods and services are readily available at the click of a button. This millennial mindset is shaping how the tenants of tomorrow are looking for space to live, work and shop and what they expect. In this whitepaper we break down the three most important millennial trends and what they mean for commercial real estate.

This article explores the different ways retailers might engage with their customers in the future as we shift into an evermore digital-physical hybrid world.

The Young and Restless—25 to 34 year olds with a bachelor’s degree or higher level of education, are increasingly moving to the close-in neighborhoods of the nation’s large metropolitan areas. This migration is fueling economic growth and urban revitalization.

As more people make the shift to sustainable mobility options like e-scooters, cities are evolving their transportation infrastructure to combat car dominance and to allow human-scaled modes to thrive. In addition to creating dedicated spaces for people to ride shared micro-mobility devices, this transition also includes creating space for them to park when not in use. To explore how cities should think about parking and micro-mobility, Bird sat down for a conversation with parking expert Donald Shoup.

For decades, many of the nation’s biggest companies staked their futures far from the fraying downtowns of aging East Coast and Midwestern cities. One after another, they decamped for sprawling campuses in the suburbs and exurbs. Now, corporate America is moving in the other direction.

A year after shutting all its U.S. stores, Toys R Us is making a comeback. The international chain, which filed for bankruptcy in 2017, is opening two mall stores this holiday season and bringing back its website. But don’t expect the Toys R Us you’re used to. 'We’re reinventing Toys R Us to make it fun and interactive for kids and parents.'

Robotic parking will be an amenity starting in high-end buildings and becoming standard, like radios in cars, predicts local landlord Brian Veit.