millennials

Urbanization the Hottest Real-Estate Trend in 2015

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[By Paul Goddin for Mobility Lab]

Urbanization – migration away from the suburbs and to the central city – will be the biggest real estate trend in 2015, according to a new report from the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC).

The Emerging Trends in Real Estate report, in its 36th year of publication, makes projections in commercial and residential real estate for the coming year. It is a widely utilized and respected industry report. The newest report surveyed more than 1,400 people involved in the real-estate market, ranging from real-estate investors to property managers.

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Transit is a Commonality of Booming, Vibrant Cities

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[By Paul Goddin for Mobility Lab and In the Capital]

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The smartest move for real-estate developers is to continue investing in cities that have many transportation options available to their potential tenants.

And growing cities need to embrace transit-oriented development to remain competitive.

Those are the findings of a recent report that explores 10 major cities (Mexico City, Manhattan, Los Angeles, Chicago, Toronto, Washington D.C., Miami, Atlanta, Boston, and San Francisco) experiencing rapid population growth. Most commercial and residential development in these places has been transit oriented.

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As Driving Habits Change, Places That Cater to Millennials Thrive

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[By Paul Goddin for Mobility Lab]

An employment opportunity brought Matt Smith (above right), a 30-year old business-development manager, to the Washington D.C. area from Shrewsbury, Pennsylvania in 2009.

He chose to live in Arlington because of its urban feel and plethora of transportation options. “Arlington feels like D.C. to me, but it’s cleaner and greener,” said Smith, who works at goDCgo in the same suite as Mobility Lab. “I hear people complain about the Metro here and I just don’t get it. We don’t have anything like that where I’m from.”

Smith’s appreciation for transit is aligned with those of his peers, as furthered in yet another new study, this one from the U.S. Public Interest Research Group (USPIRG) and the Frontier Group, linking Millennials with changing attitudes and habits around the automobile.

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New Shared-Space Residential Project Made Possible by Tech, Transit

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[Written by Paul Goddin for Mobility Lab]

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A new shared-space residential project by Vornado and WeWork, approved in July by the county board, will be Arlington, Virginia’s first micro-unit project, and could be priced affordably.

The Crystal City project will be a temporary revamp of the vacant Crystal Plaza 6 office building at 2221 South Clark Street, which is scheduled to be redeveloped by 2050.

In the interim, real-estate firm Vornado will spend $40 million on the renovation, with a mid-2015 completion date. WeWork, a New York-based coworking office provider, has signed a 20-year lease on the building.

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Gamification, Technology, and Improving Transit Rider Satisfaction

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[By Paul Goddin for Mobility Lab, published on June 17, 2014]

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What’s the current state of the rider experience? Are transportation systems meeting the demands and expectations of the general public?

These questions were posed to a panel of speakers at a plenary session of the Mobility Lab-sponsored Innovation in Public Policy Summit. Technology – in particular the power of information – was shown to be a good start to positively impact the rider experience.

Kari Edison Watkins, assistant professor of engineering at Georgia Tech University, began by acknowledging that riders avoid certain transportation modes due to perceptions regarding comfort and safety.

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