Real Estate Board of New York’s 120th Annual Banquet

In January, Rob Speyer spoke at the Real Estate Board of New York’s 120th Annual Banquet, where discussion focused on the city’s need for new developments that will foster continued economic growth and job creation.

“A new study by New York City Economic Development Corporation found that we need more office space — a lot more,” Speyer stated. “We’ve asked leading public and private sector experts to give their views on the state of the commercial real estate market, and what NYC needs to do to maintain our edge as a 21st century global economy.”

From 1960-1975, there were 169 new buildings that lent 110 million square feet in office space in New York City; from 2000-2015, only 35 new office buildings were built.

 “As a city, and as an industry, we are making great strides in expanding our commercial districts and modernizing our office inventory, but more work needs to be done,” said Speyer. “Even as Hudson Yards and the new World Trade Center reshaping our skyline, we must push ahead with Midtown East rezoning, and we must continue to nurture emerging commercial markets.”

Watch the full REBNY video below:

Rob Speyer: Offices Of The Future Will “Look Like A Starbucks”

Speaking at the Global Alternative Investments Insights 2015 Conference, Rob Speyer discussed how recent changes in office environments are impacting real estate development.

“People want to work more closely together,” Speyer said. “They like to work in teams, they want to collaborate, they want to have the same kind of energy that we feel at this conference. They want to connect. Now, this is a powerful culture shift.”

Speyer discussed how the corner office is a dream of past generations of workers, not of the future. In 1990, an average worker occupied 300 square feet; today, that same worker occupies less than half of that.

“We are building a contemporary warehouse building in a major city in the U.S and an old line consulting firm is looking to rent the whole thing,” he said. “This would’ve been unthinkable five years ago. That company would have only considered a typical office building with a glass façade, but times are changing.”

Watch the clip in full below:

Rob Speyer talks the future of transportation in cities

In a speech at the Urban Land Institute’s 2016 Asia Pacific Summit in Shanghai, Rob Speyer discussed the important connection between transportation and real estate in cities across the world.

With an enormous number of people expected to move to cities in the future, mayors are in a unique position to craft smart, sustainable transportation policies – and Speyer noted that connectivity is key.

“Inspired by China’s high-speed rail, L.A. Mayor Eric Garcetti came right here, to Shanghai, to learn how to move more people, in less time, with fewer cars,” said Speyer. “Shanghai is where Garcetti learned how to cut congestion and the air pollution that’s been suffocating L.A. for decades. The reason why the mayor has created a plan to build thirty-two miles of subways in L.A.—get the locals out of their cars and into city trains.”

“In just two decades, L.A. hopes to cut the use of private cars by 1.7 million miles each day. That’s the equivalent of six daily trips to the moon and back. It’s a winning formula. Fewer cars, less exhaust, faster trips, and it will mean a boost in real estate values.”

Speyer explained how real estate and transportation are becoming more connected every day and commended the mayors of Shanghai, Los Angeles and Rio de Janeiro for their foresight on these issues.

“So where does this lead us? If the 20th century was about driving more cars, the 21st century will be about getting those cars off the road,” said Speyer. “Where cars once helped cities to thrive and to grow, too many cars are threatening to choke that growth. That’s why in cities like Shanghai, Shenzhen, L.A., and Rio, the car of the future has become the train.”

“Transportation has always been a big part of real estate. But as more and more people jam themselves into fewer and fewer cities, transportation will become inseparable from real estate. That means get ready for more deals like the one between Vanke and Shenzhen Metro. And it also means, that what was once viewed as a perk —safe, reliable access to transportation— is becoming a requirement.”

Watch Rob Speyer’s whole speech, which can be viewed below:

 

 

 

Rob Speyer Discusses The Importance Of Global Collaboration Among Mayors

 

Rob Speyer recently discussed the significance of worldwide collaboration among mayors around the globe at the Urban Land Institute’s recent 2016 Asia Pacific Summit, which took place in Shanghai, China.

“From Shenzhen to Rio, from Los Angeles to Shanghai, these smart mayors can drive big change, because mayors are often in a better position than even national leaders to help each other get things done,” said Speyer. “We’ve all seen it. When a head of state wants to work with another head of state, it can take a long time. On the other hand, when a mayor wants to work directly with another mayor, they can get things done quickly. They can cut through the bureaucracy, the protocol, even the geopolitics.”

Speyer highlighted the importance of mayors to actively engage colleagues from throughout the world to improve their respective cities, noting the connections made between the mayors of Los Angeles, Rio de Janeiro and Shanghai when talking about developing cities of the future.

“Mayor Garcetti is tackling the age-old L.A. problem of traffic — with Shanghai ideas,” he said. “They invested heavily in building public transit, encouraging people to leave their cars and take buses and subways, easing the gridlock. In recent decades, Shanghai has built public transportation to replace private cars, and they’ve invested heavily in development around transit hubs, making a more livable city.”

Speyer called on city mayors to start addressing their excessive traffic and pollution issues before it’s too late.

“We need mayors with energy, confidence, a sense of destiny — mayors who can help all of us see around those corners,” said Speyer. “Because in our increasingly smart world, filled with smartphones and smart cars, a smart city needs a smart mayor.”

Rob Speyer’s whole speech can be viewed below:

 

 

 

ULI Asia Pacific Summit

Over 500 professionals from all sectors of the real estate industry will come together on June 15-17 at the Urban Land Institute Asia Pacific Summit. The Summit invites developers, investors, advisors, planners, architects, and city leaders from around the world to come together to exchange ideas.

 Rob Speyer, CEO of Tishman Speyer, is a key speaker at this year’s Summit. His speech, The Future of Cities, will highlight the resurgence in global cities, and the driving cause behind this growth. The mission of ULI is to provide education in the responsible use of land and in sustaining and creating cities and communities worldwide.

Read more on this conference here.

Global Cities: The Developer’s Perspective

Rob Speyer spoke at the Urban Land Institute’s Fall Meeting in October of 2014. In Global Cities: The Developer’s Perspective, Speyer said that cities are more important than ever in bringing people together. A video playlist featuring clips from Speyer’s speech can be viewed below:

More information about ULI’s Fall meeting can be found at uli.org.

Rob Speyer Explains Why Rockefeller Center Is A “Happy Building”

In his prepared keynote address to the Urban Land Institute’s Urban Leader Summit in Frankfurt, Germany, Rob Speyer told attendees that Rockefeller Center represents a “happy building” because “more than just joining bricks with mortar, it connects people with other people.”

“So what makes Rockefeller Center so happy?” Speyer asked the summit’s audience. “It’s not the architecture, though the design is stunning. And it’s not the priceless artwork embedded in the Indiana limestone. It’s not Atlas. It’s not Prometheus. It’s the people there and the reason they come.”

Speyer continued: “Some come to work. Others come to ice skate, or to see the Christmas tree, or to go ballroom dancing or watch a show or eat at one of the great restaurants. In other words people from New York and from around the world come to Rockefeller Center to work and to have fun. And to connect. And all of this on top of one of the city’s busiest subway stops.”

“Rockefeller Center is happy because more than just joining bricks with mortar, it connects people with other people,” he noted. “And those 2-and-a-half-billion people coming to our cities are going to look for happy buildings that connect them with each other.”

Speyer added that while Tishman Speyer is “lucky to own” Rockefeller Center, the “brilliance of the original vision” belongs to the Rockefeller family.

“They bet their entire family fortune, at the depth of the Great Depression, and set the standard for mixed-use development we use today — 80 years later,” Speyer said of the Rockefellers. “Described another way, they connected before connectivity was cool – or even a word.”

Related:

Global Cities: The Developer’s Perspective by Rob Speyer

Video: Rob Speyer’s speech at the 2015 Global Alternative Investment Insights Conference

Rob Speyer Discusses Development In Rio De Janeiro

At a recent event in Rio de Janiero unveiling Tishman Speyer’s Port Corporate Tower in the city’s Porto Maravilha area, Rob Speyer discussed the development issues in Rio and the critical need for political leadership to spark change and innovation.

During his remarks, Speyer praised the vision of Rio de Janeiro Mayor Eduardo Paes.

“Great cities aren’t born, and cities don’t stay great if they don’t embrace change and they don’t go through a constant process of reinvention,” Speyer said. “But change takes courage – great courage – especially from political leadership. And the type of political leaders come along maybe once in a generation that are willing to really push a city forward unafraid into the future. Rio is enjoying that moment right now under the leadership of Eduardo Paes.”

Watch Rob Speyer’s remarks at the event below:

Urbanland Recaps Rob Speyer’s ULI Address

On October 30, the Urban Land Institute’s magazine, Urbanland, highlighted Rob Speyer’s speech at ULI’s 2014 fall meeting in New York City. Citing the estimate of 2.5 billion people moving to cities between now and 2050, Rob Speyer, president and co–chief executive officer of Tishman Speyer, said that cities are more important than ever in bringing people together in a keynote address at the 2014 ULI Fall Meeting.

“Most of you came from some distance away,” said Speyer. “So why did you come here? Community—real community, not a virtual community. Real networking with real people [who] have real faces, not a social network. It’s the same reason why people have been coming to cities since ancient Damascus.”

Read Urbanland’s full article here.

Mayor de Blasio Praises Rob Speyer’s Work With Mayor’s Fund

In his October 21 remarks at the Urban Land Institute’s Fall Meeting in New York City, Mayor Bill de Blasio praised Rob Speyer’s work with the Mayor’s Fund to Advance New York City, calling Speyer “tremendously civically oriented.”

Speyer is serving as co-chair of the 2014 ULI Fall Meeting Steering Committee.

From Mayor de Blasio’s speech:

Right now, I’m especially appreciative of the two folks – who I’ve had the joy of working with on a lot of issues here in the city – who are serving as the fall meeting co-chairs – Jeff Blau and Rob Speyer, both tremendously civically oriented. Rob has done a lot to help us with our Mayor’s Fund to Advance New York City, and a lot of other key fronts. We work with Jeff all the time. These are two individuals who are real leaders in the industry, and partners in all we do. So, let’s thank Jeff and Rob for their great work.

 The full transcript and video of the mayor’s remarks are available here.