Jonathan D. Miller

Executive Bio

A marketing communication strategist who turned to real estate analysis, Jonathan D. Miller is a foremost interpreter of 21st citistate futures – cities and suburbs alike – seen through the lens of lifestyles and market realities.

For more than 20 years (1992-2013), Miller authored Emerging Trends in Real Estate, the leading commercial real estate industry outlook report, published annually by PricewaterhouseCoopers and the Urban Land Institute (ULI).  He has lectures frequently on trends in real estate, including the future of America's major 24-hour urban centers and sprawling suburbs. He also has been author of ULI’s annual forecasts on infrastructure and its What’s Next? series of forecasts. On a weekly basis, he writes the Trendczar blog for GlobeStreet.com, the real estate news website.

Outside his published forecasting work, Miller is a prominent communications/institutional investor-marketing strategist and partner in Miller Ryan LLC, helping corporate clients develop and execute branding and communications programs. He led the re-branding of GMAC Commercial Mortgage to Capmark Financial Group Inc. and he was part of the management team that helped build Equitable Real Estate Investment Management, Inc. (subsequently Lend Lease Real Estate Investments, Inc.) into the leading real estate advisor to pension funds and other real institutional investors. He joined the Equitable Life Assurance Society of the U.S. in 1981, moving to Equitable Real Estate in 1984 as head of Corporate/Marketing Communications. In the 1980's he managed relations for several of the country's most prominent real estate developments including New York's Trump Tower and the Equitable Center. 

Earlier in his career, Miller was a reporter for Gannett Newspapers. He is a member of the Citistates Group and a board member of NYC Outward Bound Schools and the Center for Employment Opportunities.

  • "Tough Time" Musings

    I had meeting last week with the head of real estate for a household-name institutional investor which is a big player in the international markets. He likes Brazil. Another executive who works under his umbrella favors India. U.S. real estate will be an opportunity play eventually, they say, but its...

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  • Mixed Signals

    You´d think we´re back and everything was fine. Well at least according to the chief investment officer of one of North America´s leading banking institutions. We sat in his office overlooking an expansive trading floor doing an Emerging Trends interview late last week. "It´s one of the best...

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  • Buying low and selling high

    In retrospect, it's fascinating how sophisticated investors bought into the whole risk/return spectrum rationale for commercial real estate. Back in the 1980s, investors invested in real estate funds for income and some appreciation. If you wanted to take the risk for bigger returns, you did development...

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  • Hooray-the recession is over

    So the economic consensus is that the recession is over-we landed with a big thud after prolonged contraction and growth--albeit very anemic---has resumed. That´s good news, of course. The costly stimulus and financial industry bailouts indeed appear to be working to stanch what might have been even...

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  • What's the New Model? (revisited)

    The TrendCzar is currently on vacation and will return next week.  While he is away let's revisit a story from last summer about the commercial real estate investment model.  When the billions on the sidelines step back into the investing arena, what will the new model look like?

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  • How hard the fall? (revisited)

    The TrendCzar is currently on vacation and will return mid-month to begin writing Emerging Trends 2010. What's changed in the market since this time last year?

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  • Waiting to go poof

    The credit limbo gripping the real estate markets leaves some major developers in a Wylie Coyote mode. They´ve stepped off the cliff and freeze in suspended animation, realizing they have no chance of getting back. They know it´s just a matter of time before a sudden, quick descent starts leading...

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  • Delaying the Inevitable

    "Sales of newly constructed single-family homes spiked 11% in June to an annualized rate of 384,000 homes. The gain over May was much greater than expected. A consensus of housing industry analysts had forecast seasonally adjusted sales of 352,000. However, sales are still 21% below the levels of a...

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  • Health Talk and Real Estate

    However the debate turns out, it´s clear that healthcare is big business... very big business. It´s such a big business and so many companies, doctors, and lawyers profit off it, that the government has to reduce overall growth in costs or it could take us all down into a further pit of national and...

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  • Property Sector Rankings

    It´s a case of worse, more worse, and worst when it comes to assessing the condition of U.S. property sectors.

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