Home

Instant Insights / Instant Insights: Retail

A look at the top news and features in retail.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Urbanization will transform suburban markets over the next decade, and the changes have already started with increased transit-oriented development, a shift toward density and community-oriented retail concepts. Demographic shifts are the epicenter of the shift toward a more urban environment, including both millennials and baby boomers, but technology and economic growth is also driving major change in suburban markets.

“For the next decade and beyond, urbanized suburban growth will be sustained by social, economic and technological shifts,” Jose Sanchez, retail and mixed-use design leader at DLR Group, tells GlobeSt.com. “Fair housing enforcement, aging in place, economic growth, immigration and driverless vehicles will play a huge impact on the evolving American suburb over the next several decades. Social and cultural shifts in the way we shop, work, own, interact, and experience life will shape suburban markets.”

While urbanization is coming to suburban markets, thanks largely to demographic trends, leadership also needs to facilitate these changes. Elected leaders need to be part of this change as well, especially in attracting quality companies that will provide job and wage growth. “Civic leaders are learning that remixing suburbs is a recipe for success in competing for knowledge workers and jobs. With the rise of the mobile worker, businesses need to provide a workspace option closer to where their employees live,” says Sanchez. “Corporations such as Amazon with their much publicized search for Amazon HQ2 chose the suburban communities of Long Island City suburb of New York City and Crystal City, Virginia just outside of Washington, DC in part because those towns have urbanized and feature strong transit corridor and housing density. Growth strategies for co-working companies are also looking at the suburbs as they understand companies will look to ways to retain seasoned employees are raising families in the suburbs.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt. APARTMENTS Fall 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.