Turning risk to opportunity: rethinking value creation in aging places and spaces

Jll identifies $1 trillion is needed to revitalize office spa ce at risk of obsolescence as part of shaping a more resilient built environment chicago , nov. 19, 2024 /prnewswire/ -- the global commercial real estate market continues to rapidly evolve as shifting preferences for how space is used and where development takes place conflate with tightening sustainability requirements, strained national and local finances and infrastructure. jll's (nyse: jll) latest research "opportunity through obsolescence," is the first in a series of articles exploring the multifaceted opportunities found in assessing existing challenges in the built environment – including age and design, regulatory pressures and location – and turning them into value and returns.
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