HONG KONG SAR – Media Awareness – November 7, 2023 – Cushman & Wakefield, one of the world’s leading real estate services companies, today released its annual Think-In report titled – Quarter Hours – 15 Minutes of City Living in China.
The urban area in China and its design, planning, development and operation play and will continue to play an important role in implementing transformational change to meet people’s changing lifestyles. To understand and realize some of the beneficial life changes that result in sustainable development of urban environments in China, our report covers the following topics:
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The city 15 minutes away;
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What is happening in China?
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Related policy;
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General urban planning;
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Urban public space;
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Transit Oriented Development (TOD), and;
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Ecological solutions.
Our report also focuses on certain sectors of commercial real estate and chooses a topic for each sector that will also promote/increase a number of quality of life factors within a 15 minute urban community.
- The hybrid office – Technological advancements and digital change accelerated by the COVID-19 pandemic have played a major role in the acceptance of the hybrid office work model globally and, to some extent, in China. Alongside this transformation, quarter-hour urban planning will also have to adapt.
The percentage of new types of retail supplies in 16 cities in China (2023 – 2025)
Source: Cushman & Wakefield Research
- Community Retail – A good retail offering is essential to a vibrant community, especially a walkable and bikeable community. There are many ways retail can contribute to the success of 15-minute urban communities, but one of the most important is community retail.
- Last mile logistics – On the industrial side, a major element that can impact the success of 15-minute walkable/bikeable cities is the establishment of last-mile logistics infrastructure, particularly given the expansion of e-commerce in China.
- Neighborhood boutique hotels – Neighborhood boutique hotels are a relatively new concept, but given the increased emphasis on the overall stay experience in walkable/bicycle communities by a cross-section of hotel guests in China, this type of hotel should be increasingly favored for both leisure and business. stay in accommodation in the future.
Shaun Brodie, Head of Research Content, Greater China, Cushman & Wakefield said: “To achieve sustainable and beneficial urban development, one concept that Chinese cities can consider adopting and further implementing is the “15-minute city” concept. The 15-minute city is a new concept that promotes quality of urban life. In summary, the concept requires that cities be planned in such a way that citizens of all ages, backgrounds and abilities, in all parts of the urban area, can access their daily needs, such as housing , employment, subsistence, health, education, culture and leisure and that everything is accessible within 15 minutes on foot or by bike.
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