Cities Become Post-Nomadic

"If the emerging 'post-nomadic' trend holds up, real estate investors may need to consider a new paradigm as part of their strategic assessment of markets and properties. The trend towards bigness, sameness and the critical importance of air travel accessibility could fade, as more security-oriented and more locally focused ones come to the fore. Although the impacts may be felt most immediately in recreational and residential spheres, the long-term changes could transform the office, industrial and retail markets as well. Many of these forces, notes demographers such as the University of Michigan's Bill Frey, have to do with long-term demographic trends that well predate the 9/11 tragedy."

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