"Christian, if you could predict for me-is there one big, mega trend that you think will reshape the real estate industry in the next 20 years that no one's talking about yet? What would you predict that would be?"
"Yes, he came to us on a really newsy week here in New York. We just had a mayoral election this week-Zohran Mamdani was elected as mayor. We had to ask him about affordability and the housing crisis we have going on. And then it was their earnings week, and he said revenue in the third quarter grew 10%."
"You asked me before whether there are any questions which nobody has ever asked me. This is clearly one I have never been asked."
Cities around the world face mounting housing affordability problems that are reshaping local politics and policy priorities. New York City elected a new mayor amid affordability concerns. Major real estate firms like JLL are reporting revenue growth, signaling financial resilience despite sector challenges. Regional competition is intensifying as Europe seeks ways to compete with the U.S., China, and India for investment and talent. Regulatory shifts, hiring dynamics, and building strategies vary across markets such as India and Saudi Arabia. Leadership decisions in the sector sometimes prioritize moral considerations over immediate financial gain.
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