Some of America’s major cities are in the middle of an economic resurgence. This is getting people back into urban environments to live, exercise and play. Local officials are welcoming the revitalization of their urban corridors and communities, the growth of residents has increased demand for living spaces. Read on to learn how they will accommodate the new demand.

Key Takeaways:

  • America’s cities are experiencing an economic resurgence that is drawing people back into cities to live, work and play.
  • Local officials are becoming increasingly concerned that housing is becoming unaffordable for individuals and families near or below the local average median income
  • One means of addressing affordable housing needs is garnering increased attention from local governments.

“While local officials have welcomed the revitalization of their downtown corridors and communities, the influx of residents has increased demand for housing.”

http://blog.naiop.org/2017/04/cities-turning-to-commercial-real-estate-for-housing-solutions/

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