Rebuilding Place in the Urban Space

"A community’s physical form, rather than its land uses, is its most intrinsic and enduring characteristic." [Katz, EPA] This blog focuses on place and placemaking and all that makes it work--historic preservation, urban design, transportation, asset-based community development, arts & cultural development, commercial district revitalization, tourism & destination development, and quality of life advocacy--along with doses of civic engagement and good governance watchdogging.

Monday, January 30, 2012

Top world cities by real estate investment

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.)
Top 30 cities for direct commercial real estate investment, 2010 – 2011*

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.

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