CHICAGO-A Jones Lang LaSalle study being released this afternoon at the World Economic Forum in Switzerland says that the top 30 cities, which now account for half of all commercial real estate investment in the world, will see dilution by a decade from now. The top 10, however, will likely remain mostly the same, though Chinese megacities could push some names off the list.

The study is part of the locally based company’s “World Winning Cities” research program launched in 2002 to understand trends in urbanization and asses impacts on global real estate markets. One of the first things learned, says Jeremy Kelly, the author of the recent “New World of Cities” study, is that the top markets don’t normally change much over time. “The top 10 stay pretty consistent,” he tells GlobeSt.com, and says even the other 20 haven’t given much ground.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.