The way that many people choose to live is changing. In 2011, for the first time in nearly one hundred years, the rate of urban population growth outpaced the suburbs.
Americans once flocked to the suburbs in search of a better life. Today many young workers prefer city life, pursuing an urban lifestyle and seeking proximity to jobs.
More than ever, talent is clustering in dense, urban areas. There are locational advantages to living and working in cities. America’s global competitiveness is largely sustained by the innovation and creativity that occurs in cities.
However, the suburbs are clearly not going away. The shift to urban living remains incremental and much of it is actually taking place in suburban areas. For commercial real estate investors, this presents pockets of opportunity across the country.
Source : CBRE Global Investors