This course belongs to the "Global Cities" series of courses offered by the NYU Schack Institute of Real Estate and focuses on the rapid growth of small and medium-sized global cities in Europe, the Middle East, Africa, Latin America, South Asia, East Asia, and Southeast Asia. As urbanization continues to reshape human settlement patterns, a new class of connected and global cities has emerged, offering an alternative to the gateway cities favored by the global commercial real estate industry. These cities are smaller and more numerous than the global cities of the 20th century. Increasingly, these small and medium-sized cities are driving local prosperity and providing significant opportunities for real estate development. Despite the enormous potential, they face unique challenges in meeting the needs of their growing populations and commercial real estate markets must respond accordingly.