Jonathan D. Miller


Jonathan D. Miller
Partner and Co-owner
Miller Ryan LLC

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.

  • New York’s Condo Reach: How Much is Too Much?

    Marble and granite may still be in favor as part of the executive suite, only now its in kitchen countertops and shower-bathroom accommodations rather than in vast entrance lobbies and curtain walls.

    Read More
  • Economy Peaking?

    Jonathan D. Miller recaps the prevailing economic trends, five years into the recovery...

    Read More
  • The Core Portfolio Manager Dilemma--Take The Money And Run?

    Read More
  • Take Off the Blinders

    Facebook's recently purchased a virtual reality goggle company. Are they putting the blinders on everyone else?

    Read More
  • The So Uncool Burbs

    The use of public transit hit its highest level since 1956, Sbarros is bankrupt, JC Penney and Sears woes continue...with its base seemingly dwindling, what will happen to the suburban mall?

    Read More
  • Paris Theme Park

    Europe essentially remains in the doldrums, and the French economy begins to look more like Italy’s or Spain’s and less like Germany’s, while the Germans feel the drag of the rest of the region.

    Read More
  • No Free Ride

    High speed rail in the United States continues to go nowhere fast…

    Read More
  • Precious Water

    Back East we’re freezing and snow covered. Out West, we’re getting thirstier…

    Read More
  • Following the Money

    Coming out of 2013, the big institutional core real estate funds reportedly are scoring handsome low-to- mid-teens annualized returns, continuing an excellent run. Concentrating investments in the major urban areas has been paying off as capital continues to flood into these markets, creating cap rate compression in an ongoing low interest rate environment. Over the last several years, apartments had a nice spike, now industrial real estate is taking over, Class A office in the best submarkets generates NOI growth off renter demand for flexible and sustainable space, and those good old fortress malls continue to score, attracting all the top retailers, who winnow positions in lesser shopping centers.

    Read More
  • Nowhere to Go

    A ton of money sits on the sidelines looking to invest in real estate—is it $50 billion, $70 billion, $100 billion—who really knows? But by all accounts there continues to be plenty of capital that seems priced out of the top markets, remains skittish about everywhere else, or both.

    Read More