A New World of Cities
In “A New World of Cities: Redefining the Real Estate Investment Map” Jones Lang LaSalle’s Global Research team reveals that more than half of all global real estate investment continues to reside in 30 cities. Furthermore, a quarter of the total investment is in five top-tier cities: London, Tokyo, New York, Hong Kong and Paris. This is set to change by the turn of the decade, however, when newer destinations such as Beijing, Shanghai, Moscow and Sao Paulo will become serious contenders for real estate dollars. Also in the study, the top 10 cities include five from Asia, up from two in 2004, with China increasing its weight through 2020. Three North American cities currently feature in the top 10 — New York City, Washington, D.C., and Toronto — and six fastest growing cities are expected to be in the United States. By 2020, the top 30 cities will become the top 50 as digital communications enable corporations to locate outside traditional hubs. To learn more, visit www.joneslanglasalle.com.