As you may have heard, JLL recently announced it will be the founding industry partner of the MIT Center for Real Estate’s newly established Real Estate Innovation Lab. Both of our organizations have a shared mission and passion for innovation and real estate and we look forward to engaging with the brilliant minds at MIT to support research that will create a better future.
Here’s what you need to know so far about the new Real Estate Innovation Lab (REIL):
- The lab will explore three areas: innovations in building design that lead to new building types and urban forms; new processes in construction such as 3-D printing and modular construction; and new data technologies with the potential to transform the organization of cities and the built environment.
- The lab’s flagship project is to create a comprehensive real estate database for the entire city of New York. The database will go beyond rents, transaction prices, building mortgages and vacant space to include AirBnB locations, co-working spaces, cell towers, fiber optic cables, subway lines and more.
- The new lab plans on releasing at least a half-dozen papers exploring how changes in the built environment over time help create an atmosphere for innovation to occur and will link this research to DesignX, a new entrepreneurship accelerator in the School of Architecture and Planning that provides training, tools, and resources to student teams building companies and organizations focused on design and the built environment.
Please feel free to contact me with any questions you may have about this new partnership.