Key trends are reshaping the world in which we live, work, and play. People are living longer, households are getting smaller, and technology is continuously transforming our day to day lives. While urbanizing populations fuel demand for real estate of all types, real estate is affected by local laws and customs that can vary greatly, as well as national regulations that are often evolving. While geographic mobility is increasing, more co-working and activity-based work spaces are on the rise.
As the urban population continues to increase, by 2030 the global middle class is expected to double in size to 4.9 billion, construction output is predicted to grow by 70%, and global real estate investment is expected to reach $710 billion. By this time, the world will need at least 50% more food, 45% more power, and 30% more water than it did 5 years ago. There is a massive shortfall of infrastructure, with $57 trillion needed over the next decade. The impacts of climate change will require more resilient buildings and cities. To be truly sustainable, we need trusted and skilled professionals considering economic, environmental and social outcomes.
Great American has a comprehensive Real Estate practice comprised of experienced professionals that are highly knowledgeable in all aspects of real estate advisory and valuation across the globe.