
Masters in Business Jonathan Miller on Urban Real Estate
Jun 24, 2022
Jonathan Miller, the President and CEO of Miller Samuel Inc., shares his deep expertise in urban real estate. He discusses the complexities of appraisals and challenges in converting office spaces to residential units. Miller highlights shifting pricing strategies in luxury real estate and the misconceptions around declining urban areas. Interestingly, he delves into the evolution of appraisal methods, contrasting human insight with automated tools, emphasizing the need for human touch in navigating market complexities.
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State of Cities
- Reports of cities' death are overstated, with urban markets remaining strong.
- Remote work impacts office vacancy but not city living demand.
Office to Residential Conversion
- Converting excess office space to residential is difficult and unrealistic at scale.
- Cost, time, and approvals are major obstacles.
Sunbelt Growth
- Sunbelt markets are being restructured due to remote work.
- High-end real estate is expanding statewide, indicating a secular trend.




