From an increased reliance on transformative technologies, to the evolving nature of work, to shifting requirements of residents and businesses, many cities around the world are experiencing significant changes. For real estate owners and developers and others, these shifts bring new risks, but they also present opportunities.
In order to best service the current and future needs of their residents and businesses, cities require more purposeful urban planning that allows for more sustainable living, working, and recreational spaces. And understanding people’s shifting needs will be instrumental in developing new buildings or adapting existing ones to better fit emerging lifestyles.
In this episode of Risk in Context, Rory Heilakka, a Partner at Oliver Wyman, speaks with Nikki Greenberg, the Founder and Chief Innovation Officer of Real Estate of the Future and a real estate futurist and innovation strategist, who spoke at the recent 2023 Marsh Global Real Estate & Hospitality Conference. They discuss the changes taking place in cities, the opportunities that these present for real estate owners and developers, and the risks that the cities of the future may pose and will need to be managed.
