What could live smaller, work closer trend mean for sprawl region?

Consider this: How will American cities and suburbs ride out the recession and come out stronger? The Urban Land Institute suggests in the report, “What’s Next: Real Estate in the New Economy” a development trend that could have tremendous implications for Northeast Ohio—if civic leaders, developers and the region’s large employers choose to listen.

The ULI report concludes that, “intensifying demand for live-work environments which involve less car dependency and feature walkable neighborhoods are very attractive to the increasing share of single-person households who make ‘living solo’ a way of life.” And that, “bright-light urban environments attract the exploding number of career-building, Boomer offspring known as Generation Y.”

read more