Emerging Trends in Real Estate 2012 - Urban Land Institute

the urban growth track for the next generation.
“It’s a potential game changer for
promoting transit-oriented development
and overcoming congestion.” Will antitax
sentiment derail the city’s bid to fund
necessary infrastructure Stay tuned.
Other Market
Prospects
Frustrated hotel developers line up to
start projects in Honolulu (22) and other
parts of Hawaii, “but only a few make
sense.” Stiff vacation travel tabs from
the U.S. mainland damp hotel business,
and Japanese tourists haven’t been in a
spending mood either. . . . Baltimore (25)
can work as a cheaper back office option
for Washington, and its industrial market
remains an important distribution point for
the Mid-Atlantic states. . . . Minneapolis
(26) and Nashville (27) play second
banana to Chicago and Atlanta; respectively:
they lack gateway international
airports, and only so many can serve
any region. The Twin Cities suffer from
high office vacancies but will outperform
other Midwest markets. . . . The Inland
Empire (28) fell hard when housing
collapsed; warehouses recover, but
Exhibit 3-11
U.S. Hotel Buy/Hold/Sell Recommendations by Metro Area
San Francisco
Los Angeles
Washington, D.C.
Boston
San Diego
Seattle
Miami
Chicago
Dallas/Fort Worth
Phoenix
Denver
Houston
Philadelphia
Atlanta
0% 20% 40% 60% 80% 100%
Source: Emerging Trends in Real Estate 2012 survey.
Buy
Hold Sell
New York City 55.56 30.56 13.89
50.00 34.88 15.12
44.71 41.18 14.12
41.67 47.92 10.42
40.74 48.15 11.11
38.67 53.33 8.00
38.16 56.58 5.26
31.43 55.71 12.86
30.14 53.43 16.44
27.63 50.00 22.37
22.50 52.50 25.00
21.43 60.00 18.57
20.00 55.71 24.29
18.18 63.64 18.18
15.22 50.00 34.78
40 Emerging Trends in Real Estate ® 2012