Jonathan D. Miller Jonathan D. Miller

I coined the term “Era of Less” about five years ago to describe the period the U.S. would be facing economically coming out of the Great Recession and beyond. The dynamics of paying down massive debt, technology undermining formerly well-paying domestic jobs and amplifying global jobs arbitrage, and the costs related to ageing demographics, it appeared, would combine to slow growth in the overall standard of living and hamper the next generation. Well what do you think now?

Relative to the rest of the world, the U.S economy has been doing well—we have had decent jobs growth, even recent wage gains, and the benefits of new found energy sources. But that compares to sickly Europe, reeling China, moribund Japan, and Brazil in freefall. Economic advances here have been underwhelming at best compared to past recoveries and now jittery talk warns that another downturn approaches as the rest of the world drags us under. The Presidential campaign rhetoric, meanwhile, stokes fears across the political spectrum of a compromised future—immigrants taking jobs, income inequality, and various ambiguous terrorist threats.

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Jonathan D. Miller

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.

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