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.

1 minute read

June 20, 2011, 8:00 AM PDT

By Jeff Jamawat


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."

Thursday, June 16, 2011 in The Wall Street Journal

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