Global gateway cities may have fallen out of favor recently, but the long-term trends and fundamentals for such markets indicate there may be significant opportunities in the years to come.
Pandemic-driven domestic outmigration, a freeze on international immigration, and the rise of remote working have posed challenges for gateway cities, according to a panel on the Future of Gateway Cities, organized by Grosvenor and held Sept. 19 in San Francisco. The panel was moderated by Steve O’Connell, CEO of Grosvenor’s North America real estate business, and brought together Ken Rosen, chairman of Rosen Consulting Group and chairman of the Fisher Center for Real Estate and Urban Economics at the Haas School of Business at the University of California, Berkeley; Steven Davis, senior fellow at Stanford University’s Hoover Institution and professor of International Business and Economics at the University of Chicago Booth School of Business; and Alicia John-Baptiste, president an