Globalisation and Competition: The New World of Cities 2015 | JLL
We are in a new era of city competition. The rigid global urban hierarchy is breaking down as cities increasingly specialise in niche markets, enabling more cities than ever to ‘go global’. This is fundamentally changing the geography of commercial property and has deep implications for real estate formats, assets and opportunities.
This paper, produced jointly by JLL and The Business of Cities, offers a fresh approach to understanding city performance and prospects. A new typology of cities is presented, with a focus on the trends, challenges and real estate implications in three broad categories of city:
