A Corporate Downtown Renaissance

14 June 2003 - 1:00pm

Seeing opportunities to purchase cheap properties amid a renaissance in many downtowns, many companies are moving from the suburbs to downtown.

"It is a corporate turnaround of a different kind. As many companies continue their exodus from cities to locate headquarters and operations in cheaper-rent suburbs, a growing group are making a U-turn. Seeing an opportunity to grab prime real estate in central business districts of cities -- often on the cheap -- and to take advantage of a renaissance in many downtowns, they are moving from the suburbs to the cities." Examples are provided from: Atlanta, Manhattan, Philadelphia, St. Louis, Oklahoma City, and Milwaukee. [Editor's note: The full text of this articles requires a fee or subscription.]

Source: Wall St. Journal, June 14, 2003
Bookmark and Share
So, what can planners do to make best use of the ACS without succumbing to its pitfalls? We need to become more sophisticated communicators of the quality of the data we present, not just its apparent meaning.