Urban Lifestyle Preference On The Rise

Using the 15-year-old transformation of Rockville, MD's mall-centered downtown to a mixed-use town square as an example, the real estate industry sees the suburban-to-urban lifestyle change spreading across much of the country.

Reuters suggests that the change will be hastened by the aging baby boomers that seek a more walkable environment with urban amenities that are not available in much of 1950s-suburbia. In addition, it will be profitable for urban developers as home-seekers will pay a premium for these residences.

"Rockville (MD)'s renaissance over the past four years shows how the shift toward urban-style living has reached the suburbs. And urban planners insist the trend has legs."

"The unexpected revival of a number of cities, from Rockville to Sacramento, stands in contrast to plunging home prices in the suburbs. "America is catching on to this trend," said Peter Calthorpe, who co-founded the Congress for the New Urbanism in 1993 to create alternatives to the conventional suburb."

Thanks to Climate Plan

Full Story: Special Report: Smart Money in Real Estate Is on Smart Growth

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
Women's t-shirt with map of Los Angeles

City T-Shirts for the ladies!

Women's Supersoft CityFabric© Fashion Fit Tees. Now available in six different cities.
$24.00
Red necktie with map of Boston

Tie one on to celebrate your city

Choose from over 20 styles of neckties imprinted with detailed city or transit maps.
$44.95