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.

  • Not So Exceptional

    Ever since Ronald Reagan´s "Morning in America" optimism trumped Jimmy Carter´s attempt at straight talk about malaise, America´s leaders have been careful to latch onto the notion of American exceptionalism, the idea that our democracy and our way of life will prevail because we are somehow...

    Read More
  • Was Tiger Rushing for Black Friday Deals?

    Did you go shopping on Black Friday and line up at 3 a.m. at your local Wal-Mart or Penney´s? Did you get that great deal on something you or your family probably doesn´t need like the high definition TV which uses five times as much electricity as your old color set? Did you do your national duty...

    Read More
  • From the Road

    Here are some thoughts from the road after three weeks of Emerging Trends speeches:

    Read More
  • We can only hope for higher interest rates

    We begin to see more headlines about workouts and loan restructurings. Donald Trump is left with 10% of his name-branded Atlantic City casinos, the most recent buyer of the New York Times building near Times Square got left holding the bag and takes a bath along with some big name lenders. Bankers give...

    Read More
  • Sleeping Better

    I´ve been up in Canada over the past week, and it´s obvious Americans could learn a few things from our neighbors to the north. Canada´s economy appears to be (really) stabilizing after a comparatively mild downturn and commercial real estate markets should follow suit-value declines have been...

    Read More
  • Musings before the release of Emerging Trends

    Emerging Trends in Real Estate 2010 gets released on Thursday at the Urban Land Institute´s Fall Meeting in San Francisco.  I´ll have more to comment about the forecast, which I author, after PricewaterhouseCoopers and ULI unveil the report. But here are a couple of observations coming off several...

    Read More
  • Trying to Find Silver Linings

    I´m preparing for next week´s unveiling of Emerging Trends in Real Estate 2010 at ULI in San Francisco. I won´t be giving away the store to say next year won´t be the greatest in industry history...  I know audiences don´t want to hear all gloom and doom (who needs to sit through a downer?),...

    Read More
  • Dealmaking or Operations

    Of course, the push back on government financial regulation over trading businesses isn't surprising. The people who run the big financial firms and who dole out massive political campaign contributions have had a good thing going--massive compensation with little downside risk to their personal fortunes...

    Read More
  • The reality of austerity

    No politician would dare say it--Americans spend (waste) too much and aren't taxed enough. But we need to spend less and save more at the personal level, and should be taxed more to pay for programs we all want like social security, medicare-health care, and defense. And we must insist on getting...

    Read More
  • Confronting the CMBS problem

    Everyone I talk to says the key to real estate market recovery is resuscitating the CMBS markets. There´s plenty of equity "on the sidelines," but without credit and refinancing sources, the capital markets will stay frozen. Ironically, the CMBS concept helped jump start market recovery 15 years...

    Read More