Future Commercial Development Havens

The results of a new study by Jones, Lang and Lasalle, a leading real estate services company based in Chicago, might interest you.

The study says that large cities in China and India, and midsize cities in Europe and the United States are the next hot spots for commercial real-estate development. Moreover, it says that dozens of cities that were overlooked by investors in the past decade will become hubs of commercial development because of economic growth, the re-emergence of technology and the desire of companies to be based near tourist destinations.

Jones, Lang and Lasalle officials said any city attempting to improve its urban landscape and attract tourists will also see a commercial real-estate boom. Barcelona, Spain; Copenhagen, Denmark; Calgary, Alberta; and South East Queensland, Australia, top this list.

According to the study, the key drivers will be:

* Technology (despite the IT bust).
* Environment (quality of life will matter more).
* Leisure & Recreation (places to play will become more important).
* Economic Integration (Europe, Asia and the Americas).

This is an interesting read. On one level, it tells us what we already know, but it offers some new insights about where future growth is likely to occur.

Download the report at the company website under News. Click here.