Commercial Real Estate Is Not Local Anymore

When Thomas Friedman published his seminal book, The World is Flat: A Brief History of the Twenty-First Century, in 2005, his analysis of globalization described a new world order of commerce wherein all competitors have an equal opportunity. The title for the book itself is a metaphor for viewing the world as a level playing field. In what really started in the 1980s with the American off-shoring of manufacturing and accelerated with the 1990 recession, by the early 2000s global commerce had become an industrial enterprise in which historical and geographic divisions were increasingly irrelevant.

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