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Technology, Real Estate, and the Innovation Economy

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Technology, Real Estate, and the Innovation Economy

The innovation economy – where ideas and IP are king – is evolving, growing, and urbanising exponentially. The world’s 1,000 biggest spending firms on research and development (R&D) now spend over €1 billion a day to gain an innovation edge, and many of them are moving to the inner city, to maximise their scale and reach. At the same time, disruptive technologies including mobile connectivity, the internet of things, and 3D printing are attracting trillions of dollars of investment and increasing the power of agile small companies to hit the big time.

Mega disruptors are feeding the growth of this new economy. Big data, digitisation, the sharing economy, and the global war for talent, are all transforming how people and companies work and think. This disruption is driving more variety, volume, and quality, unsettling old business models, and forcing down barriers to entrepreneurship. Critically, they are also changing the patterns of demand for workplaces, buildings, urban districts, and even for cities themselves.

Source : ULI

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Keywords : ULI