Urban Land Institute | Global Demographics 2008

With demographic trends driving real estate strategy, the real estate industry faces opportunities and challenges as a result of an aging global population, rapid urbanization and new migration patterns, according to "Global Demographics 2008: Shaping Real Estate’s Future," a publication sponsored in part by Deloitte LLP and released by the Urban Land Institute.

The report provides insight about the effect of global demographic change on real estate through a review of critical issues, an examination of core fundamentals and an analysis of underlying factors. "Global Demographics 2008: Shaping Real Estate’s Future" was authored by M. Leanne Lachman, president, Lachman Associates, LLC, in New York City and Deborah L. Brett of Deborah L. Brett & Associates in Plainsboro, N.J.

Findings from the report include:

Aging
The aging of the world’s population is arguably the single most dramatic demographic trend today.

Urbanization
As of 2007, 3.3 billion people — half of the world’s population — live in urban areas. That number is expected to increase to 60 percent by 2030.

Migration
Over the last 45 years, global migration grew by more than 150 percent to 200 million.

Visit the Urban Land Istitute's site to learn more about this report.