How will the property sector change over the next two decades?
This year, JLL UK is celebrating 20 years of providing market leading sustainability expertise to the real estate and infrastructure sectors.
Over this period, we have been helping clients navigate the complex array of environmental, social, economic and political issues affecting their businesses, and to mark this milestone, we are launching our Transforming Real Estate campaign. Throughout our campaign, we’ll be exploring, via collaborative industry events, debates and communications, what companies need to do in order to create an industry that is fit for the future. We’ll be looking back over the last 20 years and looking ahead at how the sector will transform over the next two decades.
It is abundantly clear to me from my conversations with fellow CEOs in business, in government and in the third sector that companies today already consider their societal and environmental responsibilities seriously. However, it is also abundantly clear to me that the challenges are so stark, and the opportunities so significant, that we need to do go further in our shared sustainability aspirations.
But what are these challenges? Well, we’ve identified seven major global trends that will have significant impacts on real estate, infrastructure and cities around the world up until 2040.
For example, we know that by 2040:
- 2.3 million households will be headed by a person older than 85 in the UK
- Solar and wind will account for 25% of power generation globally
- Six million people will die each year from air pollution globally
- Over 84% of the UK population will live in cities
In order to mitigate the potential for long-term detrimental effects on business, society or the environment, it is crucial that we react to these trends. And, as the landscape continues to change, we must seek out opportunities to innovate, adapt and identify areas where we can add environmental, social and economic value.
At JLL UK, we want to help businesses achieve their sustainability ambitions and to navigate the changing landscape, that’s why we have developed a microsite, where we’ll be regularly posting views, opinions and information sourced from JLL’s experts and via conversations we’ll be having with the UK real estate sector over the next six months.
We invite all businesses to engage in our Transforming Real Estate campaign and to partner with a firm that is serious about changing today for a sustainable tomorrow.
In the meantime, what do you think companies need to do in order to create an industry that is fit for the future?