Real estate services giant JLL has urged “concerted efforts from all players in the market” to unlock the full potential of central business districts (CBDs).
The firm has published a new report looking at the future of central cities around the world after the pandemic, which looks into how city center business districts are adapting to new realities such as hybrid working, and how investors, developers and governments “can collaborate to help central districts remain relevant for residents, visitors, businesses and investment”.
Among its key finding, the report said: “Partnerships between the public and the private sector will be critical to the success of CBD transformation, maximizing growth opportunities and creating dynamic city cores that work for all.”
It adds: “The scale of disruption for cities in achieving transformation will be considerable, bringing with it many immediate challenges but also significant opportunities for the private and public sector to build better urban spaces to meet many of the pressing issues ahead.”
The full report can be found by clicking here.
Regeneration projects are increasingly looking to the P3 model as a way to help deliver new infrastructure, as discussed in our recent blog. To read, click here.