Lynn writes, "changing demographics and shifting land use patterns will significantly influence development of retail investment strategies going forward."
The "changing demographics" Lynn refers to specifically addresses the Baby-Boomer population - of which 25% will be senior citizens within the next decade. According to Lynn, "many Baby-Boomers exhibit empty nest syndrome when their Generation Y children leave home. In real estate, this typically is thought to entail leaving behind their large suburban home for smaller, more manageable living quarters in vibrant, entertainment-driven environments."
This demographic swing, along with rising transportation costs and a general preference for mixed-use communities, is driving the renewed urbanization of the USA, according to Lynn.