ULI 2011 Market Trends report finds downtown office vacancies holding at around 11 percent while suburban vacancies are significantly higher @ 17 percent. The report forecasts, "Developers (will) focus more on infill locations near vibrant downtown cores and urbanizing suburban nodes."
One of the few bright spots in real estate is multi-family residential where ULI advises "Infill over fringe" because
"Twenty-something echo boomers want to experience more vibrant urban areas where they can build careers, and their
aging baby boomer parents look for greater convenience in
downscaled lifestyles. Driving costs and lost time make outer suburbs less economical, while the big-house wave dissipates in the Era of Less."
"Twenty-something echo boomers want to experience more vibrant urban areas where they can build careers, and their
aging baby boomer parents look for greater convenience in
downscaled lifestyles. Driving costs and lost time make outer suburbs less economical, while the big-house wave dissipates in the Era of Less."