Across the country, developers are placing big bets on mixed-use projects, many of them with budgets into the billions or hundreds of millions.
In the Urban Land Institute’s 2022 Emerging Trends in Real Estate report, expectations for the performance of mixed-use developments in urban areas is excellent for 2022. According to ULI, the COVID-19 pandemic has accelerated an ongoing shift away from malls, favoring retail in a mixed-use context.
In addition, mixed-use projects have benefited from diversification, Eric Willett, managing director at RCLCO Real Estate Consulting, told Construction Dive.