CHICAGO—Most observers of commercial real estate in the US forecast a steady if not spectacular rate of growth for some time to come. But anyone asked for their forecast usually includes a caveat. There is always, they say, the possibility of a “black swan” event, something from outside the world of real estate that nevertheless derails or damages the markets.
These possibilities were a particular focus of last week's 2017 Chicago Forum on Global Cities. Organized by the Chicago Council on Global Affairs, the three-day event brought together civic, educational, business, and cultural leaders to learn the latest on meeting challenges such as climate change, immigration, pandemics, inequality and the rise of populism and nationalism.
The terror attacks in London were a sobering reminder of the threats we all face, said Andrew Edgecliffe-Johnson of the Financial Times, host of a morning panel on building the resilience of cities to withstand shocks.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
