The global luxury market continues to outpace expectations. Luxury spending exceeded €1 trillion last year largely driven by personal luxury good purchases. Americans were the second-largest group of luxury buyers behind the Chinese, making up nearly a quarter of the global luxury spend worldwide. But as Karl Lagerfeld famously said, “keep the best, forget the rest” and today’s luxury retailers are doing just that by selectively targeting 11 major U.S. cities… Read More
By: Colin Dyer, President & CEO of JLL
Real estate investors are getting more aggressive.
As they move across borders searching for attractive returns, and as multinational corporations extend their footprints into new markets around the world, many are asking strategic questions about the dynamics of different cities. In recent years, we’ve seen a gradual shift in the mindsets of many of our investor clients: they’re recognizing cities as emerging political and business powerhouses.
Cities compete… Read More