Innovation and talent will drive the next cycle of real estate recovery

As the global economy rebounds from the COVID-19 pandemic, innovation-oriented industries and availability of talent will be key growth drivers for the next cycle of urban and real estate recovery, according to a new report from JLL.

The report, titled Innovation Geographies, forecasts that cities that perform best on these measures will be best positioned for economic growth post-pandemic.

Cities with a critical mass of people, a broad mix of industries and major universities will be best positioned to continue to attract talent and companies, JLL found. City centers that combine amenities, mixed-use development and livability will be especially poised for renewed growth.

Geographically, the United States continues to dominate the global innovation scene. Tech hub Silicon Valley, in particular, stands out as an epicenter of innovation. Cities such as Boston and New York also continue to attract capital and corporates, as well as top talent, due to thei