30 May 2017 | Herpreet Kaur Grewal
JLL UK has identified seven trends that will influence real estate, infrastructure and cities around the world over the next two decades as a part of the firm's real estate campaign.
The low-carbon economy, tech innovation, demographic and workplace change, urbanisation, health and wellness, land and resource scarcity, and transparency and social value will present the greatest challenges, according to the firm's findings.
Emma Hoskyn, director of Upstream Sustainability Services at JLL UK, said: "We believe that the real estate sector will transform over the next two decades due to these major trends. For instance, by 2040 around 2.3 million households will be headed by a person older than 85 in the UK, and solar and wind will account for 25 per cent of power generation globally.
"As well as these, six million people will die each year from air pollution globally while 84 per cent of the UK population will live in cities. In order to alleviate any long-term harmful effects on business, the environment and society, it is crucial that the real estate sector reacts to the trends today and seeks out opportunities to innovate, adapt and add value."
Sophie Walker, head of sustainability at JLL UK, said: "Companies today already consider their societal and environmental responsibilities, and have made significant progress over the last 20 years. However, the challenges are so stark and the opportunities so significant that the real estate industry will need to be braver and bolder in its approach and in setting transformative sustainability ambitions.
As part of the firm's 'Transforming Real Estate' campaign, it has developed a timeline on a new microsite, plotting the past two decades of sustainability history while also taking a look at the next 20 years.