e-newsletter
digital edition
product info
advertise
Mcgraw Hill Construction
comment

News:

Changing Demographics Could Lead to More Sustainable Communities

By Erin Weaver

This article originally appeared on BuildingGreen.com.

February 28, 2012

A new report from the Urban Land Institute (ULI), “What’s Next? Real Estate in the New Economy,” predicts that current demographic and economic trends will dramatically change urban development over the course of this decade as “Generation Y” preferences in employment and lifestyle come to dominate the market.

----- Advertising -----

As they enter their 20s and 30s, says the report, members of Generation Y are concerned with “rightsizing”: living in smaller, more affordable spaces in exchange for easier commutes and access to resources. At the same time, their parents (the Baby Boomers) find themselves entering retirement with dwindling savings and downsizing from suburbia to the same compact, walkable communities their children are choosing. These vibrant urban centers may in turn attract companies seeking Generation Y workers, reversing a trend toward remote suburban workplaces designed for long-distance commuters.

In addition to choosing more efficient locations, the report claims, developers are learning that energy-saving technology pays for itself and that “ignoring sustainability issues speeds property obsolescence.” Asserting that the continuing global recession marks a turning point in real estate, the report counsels investors to focus on sustainability. “If we are to be successful, the communities we shape now will have to serve the needs of those who follow after us," says ULI chairman Peter S. Rummell,

Copyright 2012 by BuildingGreen Inc.

 Reader Comments:

Sign in to Comment

To write a comment about this story, please sign in. If this is your first time commenting on this site, you will be required to fill out a brief registration form. Your public username will be the beginning of the email address that you enter into the form (everything before the @ symbol). Other than that, none of the information that you enter will be publically displayed.

We welcome comments from all points of view. Off-topic or abusive comments, however, will be removed at the editors’ discretion.
----- Advertising -----
Click here to go to product info Page
Daily Headlines
Sweets, Search Building Products
Search
Reader Feedback
Most Commented Most Recommended
Rankings reflect comments made in the past 14 days
Rankings reflect comments made in the past 14 days
Recently Posted Reader Photos

View all photo galleries >>
Recent Forum Discussions

View all forum discusions >>