Economy

Richard Peiser

How Do New Cities Survive?

World-renowned real estate scholar who has studied the structural dynamics of new city development

Analyzing the success and failure of new cities from a structural rather than design perspective

Some cities draw people in; others empty out. Richard Peiser locates the difference not in design, but in structure. This lecture series begins with the garden city concept of the nineteenth century and traces how new cities came to be, using the success of Columbia, Maryland as a lens through which to examine the importance of urban structure. He then analyzes why new cities repeatedly fail, through the lens of financial structure and the pace of growth, and identifies governance as the pivotal factor that makes a city actually work. He also compares new city examples from around the world, examining the role and function of city centers, and explores what alternatives new cities might offer in an era of climate crisis. Through this five-part series, Peiser offers a clear view of the decisive conditions that separate cities that thrive from those that fail.


Full Bio

Richard Peiser

- American real estate scholar

 - Michael D. Spear Professor of Real Estate Development, Harvard Graduate School of Design

 - Trustee, Urban Land Institute (ULI)

 - Founder and Director, Harvard Real Estate Academic Initiative (REAL)

 - Founder, Master of Real Estate Development Program, University of Southern California

Richard Peiser is a world-renowned real estate scholar who has spent his career researching and teaching real estate development at the Harvard Graduate School of Design. He is credited with systematizing real estate development and urban policy as an academic discipline rather than a purely practical field, building the theoretical foundations for new city development. He broadened the analysis of urban development beyond design, framing it as a structural challenge combining finance, policy, and governance, and established theories that explain the success and failure of new cities. Through case studies of major new cities such as Columbia and Reston and extensive international consulting, he has illuminated the conditions necessary for cities to endure, establishing himself as a leading scholar in urban development.


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