flexiblefullpage
billboard
interstitial1
catfish1
Currently Reading

What do Chengdu, Lagos, and Chicago have in common?

What do Chengdu, Lagos, and Chicago have in common?


By By Robert Cassidy, Editorial Director | April 5, 2011

They’re all “world middleweight cities” that are likely to become regional megacities (10 million people) by 2025—along with Dongguan, Guangzhou, Hangzhou, Shenzhen, Tianjin, and Wuhan (China); Kinshasa (Democratic Republic of the Congo); Jakarta (Indonesia); Lahore (Pakistan); and Chennai (India).

These “emerging middleweight” cities are among the “City 600,” the top 600 cities by contribution to global GDP growth from 2007 to 2005, as defined in a new report from McKinsey Global Institute: “Urban World: Mapping the economic power of cities”.

The 1.5 billion people who live in the City 600 (22% of world population) accounted for $30 trillion of GDP in 2007—more than half of global GDP. The top 100 alone generated $21 trillion, 38% of global GDP, according to McKinsey.

By 2025, these 600 cities will be home to 2.0 billion, a quarter of the world’s population, and account for $64 trillion, or 60% of global GDP.

The top 25 “hot spots” for GDP by 2025 include (in rank order) New York, Los Angeles, Chicago, Dallas, Washington, D.C., Houston, Philadelphia, Boston, and San Francisco, along with such places as São Paolo (Brazil), Rhein-Ruhr (Germany), Mexico City, Randstad (Netherlands), Shanghai, Beijing, and Hong Kong.

Other key findings of the McKinsey study:

• By 2025, the makeup of the City 600 will change as the center of gravity of the urban world moves south and east. One-third of developed market cities will no longer make the top 600.

• By 2025, up to 136 new cities will enter the City 600 list, all of them from the developing world—100 of them from China alone, including Haerbin, Shantou, and Guiyang.

• India will contribute 13 newcomers to the City 600 list, including Hyderabad and Surat. Latin America will add eight, notably Cancún (Mexico) and Barranquilla (Colombia).

• About 310 million more people of working-age population will live in the City 600 by 2025—almost 35% of the expansion of the global workforce, almost all of it in emerging markets and two-thirds in China and South Asia.

What do all these fascinating data points mean to the design and construction industry, and to you as an AEC professional? In a nutshell, the McKinsey people are saying, If you want to grow your business—and your career—over the next 15 years, you must look to foreign climes.

It is in the emerging cities that GDP will be growing at a faster rate than global GDP. Where the workforce will be expanding more quickly than in the rest of the world. Where demand for housing, retail shops, schools, libraries, museums, data centers, universities, office buildings, religious centers—all the magnificent structures you and your firms create and build—will be accelerating at a hyperfast rate compared to the growth, if any, in much of the developed world.

To be competitive in the coming decade and a half, AEC firms and professionals are going to have to shift their lines of sight eastward and southerly, to places with names like Luanda, Chongqing, Dhaka, Colombo, and Grande Vitória.

Related Stories

Laboratories | Mar 10, 2021

8 tips for converting office space to life sciences labs

Creating a successful life sciences facility within the shell of a former office building can be much like that old “square peg round hole” paradigm. Two experts offer important advice.

AEC Tech | Mar 4, 2021

The Weekly show, March 4, 2021: Bringing AI to the masses, and Central Station Memphis hotel

This week on The Weekly show, BD+C editors speak with AEC industry leaders about the award-winning Central Station Memphis hotel reconstruction project, and how Autodesk aims to bring generative design and AI tools to the AEC masses.

Architects | Mar 1, 2021

OMA designs 7-mile-long underwater sculpture park

The project will be completed in several phases.

Architects | Mar 1, 2021

AIA elevates 102 members to the College of Fellows

AIA fellowship recognizes significant contributions to the profession of architecture and society.

Market Data | Feb 24, 2021

2021 won’t be a growth year for construction spending, says latest JLL forecast

Predicts second-half improvement toward normalization next year.

Events Facilities | Feb 22, 2021

Weiss/Manfredi designs $250 million expansion for Longwood Gardens

The project will transform 17 acres of the core conservatory area.

Healthcare Facilities | Feb 18, 2021

The Weekly show, Feb 18, 2021: What patients want from healthcare facilities, and Post-COVID retail trends

This week on The Weekly show, BD+C editors speak with AEC industry leaders from JLL and Landini Associates about what patients want from healthcare facilities, based on JLL's recent survey of 4,015 patients, and making online sales work for a retail sector recovery.

Multifamily Housing | Feb 10, 2021

The Weekly show, Feb 11, 2021: Advances in fire protection engineering, and installing EV ports in multifamily housing

This week on The Weekly show, BD+C editors speak with AEC industry leaders from Bozzuto Management Company and Goldman Copeland about advice on installing EV ports in multifamily housing, and advances in fire protection engineering.

Architects | Feb 5, 2021

Heartwell named CEO at CallisonRTKL; Thompson appointed firm's first COO

Kim Heartwell named CEO at CallisonRTKL; Harold Thompson appointed COO.

Healthcare Facilities | Feb 5, 2021

Healthcare design in a post-COVID world

COVID-19’s spread exposed cracks in the healthcare sector, but also opportunities in this sector for AEC firms.

boombox1
boombox2
native1

More In Category



Urban Planning

The magic of L.A.’s Melrose Mile

Great streets are generally not initially curated or willed into being. Rather, they emerge organically from unintentional synergies of commercial, business, cultural and economic drivers. L.A.’s Melrose Avenue is a prime example. 


Curtain Wall

7 steps to investigating curtain wall leaks

It is common for significant curtain wall leakage to involve multiple variables. Therefore, a comprehensive multi-faceted investigation is required to determine the origin of leakage, according to building enclosure consultants Richard Aeck and John A. Rudisill with Rimkus. 

halfpage1

Most Popular Content

  1. 2021 Giants 400 Report
  2. Top 150 Architecture Firms for 2019
  3. 13 projects that represent the future of affordable housing
  4. Sagrada Familia completion date pushed back due to coronavirus
  5. Top 160 Architecture Firms 2021