Understanding Real Estate And Urban Development Intersecting Trends
Real estate development has changed a lot in the past decade. Even companies and industries that are most resistant to change have realized the need to take different approaches, given the shifting demographic characteristics and demands.The market responds to a number of key factors that drive the direction of development. Image source: commons.wikimedia.org Generational determinants can fuel more innovative ways of planning the space according to the projected specifications and tendencies of future inhabitants and occupants. For example, if certain spaces or locations had been tagged for industry-specific uses, more flexibility in the play-work-live configurations of urban areas seems to be more appealing to the younger generation. Diversity works on so many levels, and immigration trends considerably affect the market as well.A mixture of various profiles (education, age, etc.) accounts for the evolving requirements for residential and commercial areas and the balanci...