- December 1, 2016: Vol. 28, Number 11

To read this full article you need to be subscribed to Institutional Real Estate Americas

Tech revolution: Cities reimagine industrial corridors as technology hubs

by Howard Kozloff and Emma Loos

“In the new world, it is not the big fish which eats the small fish; it’s the fast fish which eats the slow fish.” So said Klaus Schwab, founder and executive chairman of the World Economic Forum, in reference to the rapid changes caused by technological advancements in the digital revolution within which we are all currently living. The beginning of the Industrial Revolution in the 18th century ushered in change on a global scale. Today, such large-scale change to the built environment can be attributed to the worldwide tech revolution.

Cities large and small are embarking on economic development and urban planning initiatives related to infrastructure, employment-center locations, housing choices and amenities that specifically target recruiting, expanding and sustaining the tech workforce. Similarly, private-sector tech powerhouses are taking it upon themselves to tackle large-scale city-building initiatives through “entrepreneurial planning,” addressing broad co

Forgot your username or password?