Dwindling Sprawl: The End is Near for Suburbia

As mobile technology is fast becoming more mainstream, Urban Land Institute's CEO Patrick Phillips envisages more mixed-use developments in the next decade.

In a summary of Mr. Phillips' 30-minute speech at the National Association of Real Estate Editors annual conference, The Wall Street Journal blogger Kris Hudson writes:

"People increasingly are moving back toward the center of cities and into apartments and condominium complexes. The trend is driven by rising transportation and energy costs; fewer people living in the average U.S. household; fewer people willing and able to afford a big, suburban house; and more focus on transportation planning, including mass transit system."

Mr. Phillips emphatically asserts, "The hottest real estate sector in the country right now is apartments."

Full Story: ULI Chief: Inner ‘Burbs the Best

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

Wear your city with style!

100% silk scarves feature detailed city maps. Choose from six cities with red or blue trim.
$55.00
Woman wearing city map tote bag

City Shoulder Totes - New Cities Added!

Durable CityFabric© shoulder tote bags available from 9 different cities.
$22.00