According to a study by the University of Georgia, immigrants "matter more" to the real estate industry during a recesion.
"At a time when American concern about foreigners may be reaching a historic high, real estate professionals may have their own reasons for monitoring the flow of immigration. With recessionary forces driving occupancies and rents downward, the presence of large numbers of newcomers-who, including their children, now account for over 60 million Americans-could prove an important, even critical, counter-cyclical force...This trend can be noted in a host of communities, from the Silicon Valley of Northern California and the San Fernando and San Gabriel Valleys of Southern California to greater Houston and New York...buttressing certain areas with new investments and tenants that might otherwise be feeling the full brunt of the recession..."
Thanks to REISCast Newsletter
Phase 1 Revealed for $20 Billion Chicago Megaproject
Plans for One Central, a proposed megadevelopment that would add 22.3 million square feet of buildings to the city of Chicago, are taking shape.
Boston Introduces 'Maximum Parking Ratios' for Large Buildings
Large buildings with uses of all kinds will be subject to Boston's new "Maximum Parking Ratios."
Survey: What Mobile Apps Are Most Useful for Planning in 2021?
Planetizen is requesting your input in creating the definitive list of mobile apps for professional, student, academic, or citizen planners—updated for a planning profession forever altered by the Covid-19 pandemic.
HUD's Office of Policy Development and Research
Rowan University's Department of Geography, Planning, & Sustainability
City Of Oakland
Hillsborough County Public Schools
City of Raleigh
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.