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.

  • Taking the Industry Pulse… And What Does Twitter Augur?

    A year ago we were saying pricing in the nation’s leading markets looks mighty rich and asking whether an investor could feel comfortable buying existing assets with the risk of rising interest rates. Well, today we are contemplating the very same question as more international money looks to park itself in our 24-hour cities, prices have edged even higher and the economy has perked up to the point where the Fed may be more inclined to start adjusting up rates in the direction of more normalized levels. At the same time, comfort with secondary and tertiary markets has only marginally improved—continuing lackluster tenant demand does not justify an enhanced outlook and the potential for higher interest rates poses a greater threat for the prospects of commodity properties.

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  • Suffering Suburban Office

    Fifteen years ago Gwinnett County northeast of Atlanta was one the country’s fastest growing places—a center of ravenous suburban expansion—widening boulevards and parkways, strip shopping centers laced along gasoline alleys, disconnected office parks, residential subdivisions off dead-end cul de sacs, and swaths of blacktopped parking spaces. Local officials blocked extending the Atlanta MARTA subway system into the county, ensuring car dependence while consciously setting up transit barriers from poor sections of the metropolitan area to the south.

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  • Capital Concentration

    Property values continue to escalate wildly in the global gateways as the wealthy and ultra-wealthy look to park money in the world’s perceived safest and most stable places—on the top tier that means London and New York, but the effect in the U.S. extends from San Francisco and districts in Los Angeles to the Miami waterfront.

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  • The Same Old Song

    The government shutdown is a sure fire way to reduce government spending, while temporarily cutting the pay checks for millions of Americans… Obama Care is designed to reduce the amount we pay for health care impacting a huge profit-center industry that has been milking businesses and individuals for years with the highest costs in the world. Time will tell if the new health care plan will work… One way or another the federal government will temper its spending when the political parties work out some deal—actually shrinking spending is not in the cards… States and local governments, meanwhile, curtail services and eliminate what have been good paying jobs with generous benefits... And those public pensions are the next in the cross hairs as we have been pointing out.

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  • A Dream or Finally Facing Reality

    It was easily missed in President Obama’s speech on the 50th Anniversary of Martin Luther King’s march on Washington DC. It was a short passage on the challenges facing the country and the impediments to realizing Dr. King’s dream—The President said: “We shouldn't fool ourselves. The task will not be easy. Since 1963 the economy's changed. “The twin forces of technology and global competition have subtracted those jobs that once provided a foothold into the middle class, reduced the bargaining power of American workers.”

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  • The MOOC Threat

    So-called massive open, online courses (MOOCs) sound like a great idea. But what does it mean for real estate?

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  • Shareholder Value and Real Estate

    Fast food workers around the country are rebelling at wages bordering close to the minimum wage and the fast food companies threaten to automate more of their systems and eliminate workers so their message to workers is take it or leave it.

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  • Shareholder Value and Real Estate

    Fast food workers around the country are rebelling at wages bordering close to the minimum wage and the fast food companies threaten to automate more of their systems and eliminate workers so their message to workers is take it or leave it.

    Read More
  • Shareholder Value and Real Estate

    Fast food workers around the country are rebelling at wages bordering close to the minimum wage and the fast food companies threaten to automate more of their systems and eliminate workers so their message to workers is take it or leave it.

    Read More
  • Motown’s Message

    The car companies brought their headquarters back into the city. The Tigers kept their stadium in downtown and the Lions moved back. You would see some PR about new tech start-ups and strip of restaurant and entertainment venues in the heart of the city. But the population continued to hollow out and vast swaths of empty areas literally were turned back to nature or in other words abandoned. City services stopped in many near empty neighborhoods and the police force is able to solve only a small fraction of reported crimes.

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