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, 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.

  • Real Estate and the November Elections

    What do the real estate markets and Democrats´ prospects for the November elections have in common? Well it´s not healthcare even though Republicans will tell you Democrat Congressional majorities are at stake over the monumental legislation which just passed. By November, healthcare will be almost...

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  • The New Office Reality

    Here's the new reality about officing:

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  • Pension World Meltdown - continued

    While the country has been fixated on broken (and inordinately expensive) health care, more evidence appears to confirm the meltdown of our various privately managed pension systems. Today's New York Times reports about how public pension plans desperately "chase higher returns to make up ground"...

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  • Figuring on 8 Percent

    Last week I asked an industry veteran who works for a company that manages a major core real estate fund about the fund's returns. He answered not surprisingly that the past year has been pretty brutal--the fund lost almost 40% for its investors, a fairly typical result in the competitive set. But...

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  • Distressing Pension Crisis

    News that public state pension funds are $1 trillion short in funding expected retiree benefits should be rattling everyone and come as no surprise. As they increased real estate allocation targets to 10% or more of their total asset portfolios, many state funds invested with wild abandon in real estate...

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  • Questioning Opportunity

    At a real estate pension conference I spoke at last week (IREI´s VIP 2010), the mood was guardedly positive-attendees expect more write downs, but sense the worst is over, and plan to stick with the asset class.  What seemed interesting was the apparent disconnect between managers and plan sponsors...

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  • What could be better?

    Congratulations to the Saints.

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  • Trending toward oblivion

    Sounds like a lot of money--$8 billion for high speed rail lines. That's how much the Obama Administration is targeting for upgrading the nation's backward passenger rail service. The problem is estimates range up to $80 billion just to complete one of these lines--from San Diego to Sacramento....

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  • Hard Reality: Overseas Jobs Erosion

    My recent "Government Retrenchment" post produced record feedback on and off line, both positive and negative and very representative of the highly partisan and charged political environment. Folks against government stimulus say enable the private sector to create jobs by cutting taxes and spending....

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  • Ouch - Real estate and government retrenchment

    So what does the populist anger registered in Massachusetts mean for the real estate markets? Nothing good.

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