future of real estate - commercial development, retail and construction - keynote speaker
DESCRIPTION
Future of real estate industry – Futurist keynote speaker Patrick Dixon – lecture for The Crown Estate's annual Urban Portfolio Sustainability Conference. Future of global economy, and UK economic outlook. Future of megacities and urganisation, why people love cities and how cities can help protect rural areas and the environment. Future of offices and workplace, why teleworking is growing slowly and what next for virtual teams, virtual working and virtual organisations. Future of corporate HQs and large office construction. Future of retail shopping malls, shopping centres and construction of new retail outlets. Changing balance between out of town and centre of town retail development. Why real estate development will become more locally focused. Fusion of online and offline worlds - $1.5 trillion a year in 2014 on e-commerce. Impact of mobile and price comparison on future of mass-market retail. Rapid changes from patterns of home delivery to click and collect in store or from nearby retail outlet. Future of energy use in buildings and impact of solar, wind, fracking gas and other energy trends on construction industry and commercial developments. How the construction industry can save energy and resources by planning for longer term life of commercial buildings. It is a scandal that most commercial real estate, offices and factories, are designed to be demolished in no more than 30 years. Any construction company building homes designed to fall apart in 30 years would be considered to be socially evil, yet this is normal practice in, for example, high rise office development. Sustainable real estate industry requires a much longer view.TRANSCRIPT
• Global economy never stopped growing
• Impact on real estate in London / UK
WGP 1980-‐2013 (%,constant prices)
TeleworkingOnly 2.5% of US workers are exclusively home-based60% UK office workers have opportunity to work from home regularly - but few take it (during office hours)
Mobile RetailMobile influences $29bn of retail sales in UK50% of all UK online sales are using mobile
54
3000 Parcel Shops in UK in 12 months Chosen by up to 50% customers for
deliveries - help for local stores
Shale gas 33% US supplies
3.3m US jobs$468bn pa + more oil
produced than Saudi by 2020
200 years global supplyUp from 60 years in 5 years
5 coal plants replace with gas = 9000 megawaPs wind Coal prices fall = more coal burnt in Vietnam and China
57 coal plants closed in US in 2012
120,000 terawatts of sunlight /day7,000 times total global power usePower Moscow from Libyan Desert
“40% EU power = wind by 2050”Surplus wind to hydrogen -‐ to methane ?
Electric Cars�>10% smallest cars electric cars within 10 years
�Increase night Vme power consumpVon by 20%
�Donate power at peak Vmes to balance grid
•Rapid growth HVDC Super Grids
• 500,000 S Korea jobs - $200bn Smart Grid Project
•China planning to power Moscow
Low energy streetlights
�Cost replacing all 120 m EU streetlights £300bn saving £50bn a year
�Market £15bn pa over 15 years�4 year payback
• 70% new buildings in Sweden• 45% new buildings in New Zealand• Payback 15 years but boosts electricity demand
Heat Pumps save up to 50%
E-‐Crete
�Concrete industry = 5-‐7% global CO2�Geoplymers such as E-‐crete (power staVon ash)�Jannie Van Deventer, University of Melbourne, Zeobond
�50% world’s concrete producVon saves 1bn tons C02 /10 years in real estate construcVon
Make Buildings Last 30% + of lifeVme energy use = build and demolish
Building a Better WorldSustainable Real Estate Industry is Vital to Future
Build in qualityFlexible design
Better experienceEnhance community
Less energy50 year timescale