CPABC Industry Update Summer 2016 - Page 8

Beyond the established gateway cities... (cont’d) GLOBAL TOP 20 Total Real Estate Investment as a Proportion of City GDP 1. London 2. Munich 3. Sydney 4. Oslo 5. Honolulu 6. Auckland 7. Frankfurt 8. Copenhagen 9. Stockholm 10. San Jose 11. San Francisco 12. Austin 13. Melbourne 14. Dublin 15. Paris 16. Gothenburg 17. New York 18. Boston 19. Brisbane 20. Warsaw Source: JLL Investment Intensity Index – Global Top 20, September 2015 page 8 | These categories of cities are not static or mutually exclusive. Some cities are “H ybr ids,” lik e Dubai, Shenzhen, Bangalore, Buenos Aires, and Santiago, which have many of the characteristics of ‘Emerging World Cities,’ but are displaying the agility and value-creation of ‘New World Cities’ and as a result are cities to watch. Singapore, Berlin, and Toronto have the characteristics of being both Established World Cities and New World Cities. Seoul and Moscow are both Emerging World Cities and have many of the features of Established World Cities. Global cities in the future: The real estate perspective While the “Big Six” Established World Cities account for more than one-fifth of total global real estate investment activity, they will need to execute bold urban transformation plans to support the shift to new modes of economic activity and to ensure the efficient recycling of land. “The new economic and technological order offers cities the opportunity for re-invention, for the creat )ͽ幅ʹ)ɽٕՅ䁽tՑ)I͕ɕѽȁ)I͕ɍAɽɅ́Ё)10pQ)܁͕Ё䁍ѕ́́ɕձ)͕ͥ܁ѼɔٕɅ)ѡ͔չѥ́݅́ѡЁɔ)ͥѕЁݥѠѡȁ٥ͥݥѠ)ѡɕѥ́ݡЁ́ɕѥ)ٕɅQɕձЁ́ѡЁѥ)ɔɕɉɅѕ́)хȁͥѥ́ѡ)ɕեɕѼٔѡȁ٥ͥ́)屔ѥٕ̻t()$8TLPHdT@P()ɝ]ɱ ѥ́M)4 Ё䰁$́Ёԁȁ)ݥѹͥͥٔͥ)ѡɽ՝ѡՍѥ)ɕͥٔᕐ͔͍́)ɽ䁑̸ٕ Ё́ѡ͔)ѥ́ٔѼѡЁ͔ѡ)ٽѥѡɕхє͕ѽȁݥ)䁄ɔٽхɽɕѥ)q͕͔gdɥѥ)Ѽ䁥ѥ䰁չՕ̰)ݕ́ѡ͔ɔͽ)ѡݽɱéЁ٥ɽх)ѥ̰ɕхєݥ)䁑ɥٕȁɔхɉ)̸%ɽٕ́ɕхє)Ʌɕ䁅ͼѼɽɕ)ЁՍɕѕȁЁѼ)ɅЁ܁хЁѼ)ѡͥ́Ʌѥ٥ɽ)ɥєѼѡՅ䁽)́ѥ镹̸)9܁]ɱ ѥ́ɔѡ)䁵̰Ʌѡ)ٕ́́ѥɕхє)́ɕɕȁɅѕəհ)ɽѥ́ѥ́٥Ʌ)ᕐ͔ɡ̸I)хєݥ䁄ѥձɱ䁍Ս)ɽե́ݕ)͕̰ͥչٕͥѥ̰٥)ͽ七a9܁]ɱ ѥϊdɔɽ٥)Ѽѥձɱ䁅Ʌѥٔȁɕ)хєٕѽ́ݡɔѡ)ѱ䁽ȁѱ䰁хѼ)ͥɅѥՕ́م)х䰁ѕ)ɽݕ́ѡȁɅѕͥ)ፕѕɽͅѥ) ѥѥQ9܁]ɱ) ѥ̰ɕЁ)10չѥݥѠQ ͥ́ ѥ̸((0