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Urbanization is Strong, But Suburbia is Getting Stronger

SAN DIEGO—There’s no denying the power of cities to attract the population, but Millennials are returning to the suburbs as their children reach school age, PricewaterhouseCoopers’ Mitch Roschelle says during Burnham-Moores’ real estate conference.

Mitch Roschelle Roschelle: “We should give more thought to small business because ‘it is reshaping office leasing in this country.’”

SAN DIEGO—There’s no denying the power of cities to attract the population, but Millennials are returning to the suburbs as their children reach school age, PricewaterhouseCoopers’ partner and real estate advisory leader Mitch Roschelle said during Burnham-Moores’ 20th Annual Real Estate Conference here Friday. Roschelle gave a presentation for the roughly 800 attendees on emerging megatrends in real estate.

Some of the top real estate trends Roschelle expounded on included 18-hour cities 2.0, surburbanization, changes in the office sector, housing options for everyone, parking changes, infrastructure changes, food getting bigger and closer, consolidation in REITs and a return to the human touch.

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Carrie Rossenfeld

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

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