On this episode of Fortune’s Leadership Next podcast, cohosts Diane Brady, executive editorial director of the Fortune CEO Initiative and Fortune Live Media, and editorial director Kristin Stoller talk with JLL Global CEO Christian Ulbrich. They discuss the ongoing affordability crisis across cities globally and the recent election of Zohran Mamdani as mayor-elect of New York City; what Europe needs compete with the U.S., China, and India; and how Ulbrich put morals over money early in his career.

Listen to the episode or read the transcript below.

Transcript:

Kristin Stoller: Christian, if you could predict for me—is there one big, mega trend that you think will reshape the real estate industry in the next 20 years that no one’s talking about yet? What would you predict that would

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