Fast evolving social, environmental, and economic conditions in cities and metropolitan areas worldwide are precipitating the need for new skills and knowledge. On top of the customary challenges attached to successful real estate are climate change impacts, demands for equitable development, changing work-home arrangements, on-line consumerism, and global flows of capital. Many real estate investors developers, and managers are applying new metrics of performance under such labels as – sustainability, social impact, and environmental, social, and governance (ESG). Local national and transnational regulatory bodies are moving to require that developers and owners demonstrate that their projects account for environmental factors. The provision of socially desirable public benefits such as affordable housing is becoming a common requirement of local development approval.
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