Real Estate Industry’s Future is Bright in St. Louis, If City Can Attract and Keep Young Talent

By on December 6, 2018

From St. Louis Public Radio:  Members of the St. Louis real estate industry are celebrating a banner year and looking forward to 2019.

Developers, investors, builders and housing advocates gathered today for a presentation of the 2019 Emerging Trends in Real Estate survey, published annually by the Urban Land Institute (ULI) and PwC US.

“This is our largest event of the year,” said Chip Crawford, chair of ULI St. Louis, after the meeting held at Innovation Hall in the Cortex Innovation Community.

Crawford is senior principal at BatesForum, the design practice of Clayco.

“There’s so much going on right now in a positive way. We can finally all come here and smile and say, ‘It’s working, we’re getting things done.’”

Crawford touted current construction projects totaling $8 billion in the central corridor of St. Louis — from Forest Park to the Arch — as a source for the enthusiastic buzz and smiles at the meeting.

Data from the Emerging Trends survey suggests that the real estate industry in St. Louis and nationally is poised to stay on a positive track in the coming year.

The Emerging Trends study is based on interviews and survey responses from nearly 2,400 leading real estate experts, including investors, fund managers, developers, property companies, lenders, brokers, advisers and consultants.

Co-author Andy Warren presented results from the study. He said St. Louis and many other cities are facing a similar challenge: how to attract and retain younger workers.

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