The United States is now 300 million satisfied residents.  We speak 40 or more languages concentrated around English and practice cultures of every kind.  Moreover, some say we will be about 375 million souls by 2030.  We share the earth with another 6 billion or so and most of the urban areas of the world have equal or higher birth rates than we do.  So it may be likely that the world will match our growth rate leading us to over 7.5 million residents in 2030.
The real estate inventory of the major industrial nations is for the most part obsolete for future residential, commercial and industrial needs.  The 3rd world has yet to install civilized industrial practices with machine processes and environmental controls.  It will not be possible to operate without chaos without new investment in all realty areas.  By definition, private real estate now will include the historically publicly provided infrastructure that services business and residential communities.  We now have about 2 million Federal employees while another 10.5 million are estimated to be employed with private contractor activities in support of our government system.  Think of areas of medicine, education, transportation and law enforcement and you’ll quickly come up with such activity.

With such mass needs and the inability of government entities to process and fund the projects, it will not be possible to solve our real estate growth needs without large private land planning efforts.  In the United States, this planning will form about ten megapolitans, populated areas spanning from one major city to another.  In the west, for instance, try Phoenix and Tucson growing together and Los Angeles absorbing Las Vegas.  The rest of the world will require similar activity.

At the same time, globalization will require transportation to stimulate international commerce.  The world’s airports and seaports and highways will not have the mass of urban commercial and industrial facilities required in the right location to be efficient.  The planning here will take the form of an Aerotropolis where air transport is the major long distance carrier.  Most of the world’s products with the exception of bulk goods travel by air now, so it will be crucial to concentrate the logistics of finished goods and services in quantity numbers not ever seen before.  Examples of aerotropolis underway now include Dubai, multiple locations in China, Brazil, Fort Worth and, surprisingly to me, Detroit.

We have now defined the future need and these are the names we have given to the desired real estate. We will all soon be familiar with them in detail as they become household identifiers in the next few years.                

Be Sociable, Share!