The joint development of cities and universities is of great importance for the economy transformation in the conditions of digital and technological revolutions as a condition for providing the socio-economic system of the city with highly qualified personnel meeting the challenges of the new reality. The key factors and conditions of the co-development of cities and universities are investigated. The essence of the problem lies in the fact that the building of the process of joint development of cities and regions is carried out in dynamic conditions of the transformation environment, formed under the influence of a complex of factors that have a positive and negative impact on the processes of co-development. Based on the definition of the goals and objectives of the joint development of cities and universities, the key factors that are classified into stimulating and hindering the joint development of cities and regions in the transformational economy are identified. Under the influence of the combination of identified and considered factors, special conditions for the joint development of cities and universities are formed, which require analysis and accounting. A set of conditions is outlined, the formation and observance of which will ensure the greatest efficiency of the joint development of cities and universities. The logical conclusion of the study of the factors and conditions of joint development of cities and universities in the conditions of the transformation economy was the conclusion that it is necessary to continuously monitor and take into account the complex of factors of positive and negative impact on the processes of co-development in order to take them into account and develop preventive measures aimed at creating the most favorable conditions for the effective joint development of cities and universities. regions in the transformational environment of the new economy.
