Wi-fi trees, driverless transport, smart buildings and co-working will be commonplace in 2040 according to JLL, as it publishes a new report into the ideal cityscape.
The Transformation Framework details how cities will adapt over the next twenty years, and how real estate businesses can adapt and thrive in this future city.
The report details how the ideal cityscape in 2040 will include co-working and living space, smart and healthy buildings, wi-fi trees, reverse vending machines, driverless transport and multi-generational housing as standard.
JLL asked some of the UK’s leading real-estate owners, occupiers, developers and investors what they thought the ideal city would look like in 2040, while taking into account the below seven trends they identified:
- Low-carbon economy
- Technical innovation
- Demographic and workplace change
- Health and wellbeing
- Land resource and scarcity
- Transparency and social values
The future cityscape projections form the basis of JLL’s Transformation Framework, which focuses on a company’s business strategy, governance, funding, skills, partnerships and innovation and identifies how each will cope with the challenges presented by the changing city.
Emma Hoskyn, director, upstream sustainability services, JLL, said: “To succeed and thrive in a world that is continuously changing, radical thinking is needed. Rather than tackling each real estate trend individually to accomplish objectives in the short or medium term, companies need to incorporate the seven trends into every step of their business decisions, long-term vision and structure.
“Our future cityscape is a representation of what the real estate industry should strive for, while our transformation framework is the key to helping real estate leaders react and adapt to each trend positively to transform their businesses now and enable them to flourish until 2040, and beyond.”
The Transformation Framework White Paper is currently only available for JLL clients and can be requested here.