Christian Ulbrich has been CEO of commercial real estate and investment management company JLL since 2016, having already spent years in other leadership roles at the company. He helped steer the business during the global financial crisis and was at the helm during the COVID-19 pandemic. He is now guiding the $13 billion-plus company as it navigates post-pandemic shifts in demand.

He sat down with TIME in London to discuss navigating uncertainty, the evolution of central business districts, and return to office mandates.

This interview has been condensed and edited for clarity.

How has your business and the industry been affected by the uncertainty of the current Administration and how are you making decisions in that environment?

Well, 2024 was a good year for the economy overall. In

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