From a report, A New World of Cities: Redefining the Real Estate Investment Map
by real estate brokerage firm Jones Lang Lasalle. (Also see "San Diego 25th in commercial real estate investment
" from the San Diego Union-Tribune
The report is quite interesting, focusing on cities as the main drivers of economic growth in countries and the rise of Asia.
In 2004, 6 of the top 10 cities for global real estate development were in the U.S. In 2011, only 2 U.S. cities make the list--New York and Washington. The top 30 cities account for 50% of total global real estate investment.
There are a number of interesting charts and maps in the report, e.g., that the top 300 cities account for 40% of the world's GDP, the fastest growing mature cities, the fastest growing cities, etc.
Labels: agglomeration economies, commercial real estate market, federal policies and the city, real estate development, urban economics