Many news stories as of late have examined the push to revitalize cities in America, a critical endeavor. However we shouldn’t forget that cities aren’t the only exciting places. The suburbs are also happening.
RCLCO (formerly Robert Charles Lesser & Co.) provides strategic and tactical advice regarding property investment, planning, and development. This week the consulting firm released a study on national trends in suburbs, and the results show a changing landscape. From the study:
“The traditional suburban archetype—which for many Americans evokes images of places like Wisteria Lane in Desperate Housewives or Stepford in The Stepford Wives—is now outdated. In its place, a new model of suburbia has emerged that is much more diverse, serves a broad range of housing needs and desires, and offers abundant opportunities for a wide variety of new development and redevelopment.”
Some of the important findings:
America remains largely a suburban nation.
Suburban growth has driven recent metropolitan growth.
Suburban residents overall have higher incomes.
The suburbs are “young” compared with their regions overall.
American suburbs as a whole are racially and ethnically diverse.
Here’s the entire study.