Urbanexus Update - Issue #45
Urbanexus Update - Issue #45
Please scroll down for the weekly compilation of analysis, reporting and opinion about real estate and community development. Some links may lead to material that is behind a paywall.
The economy
Responses from the RCLCo year-end 2018 Sentiment Survey indicate that the downturn is forthcoming. Fewer respondents are continuing to push out the predicted next downturn farther into the future, as in previous surveys. Some respondents (20%) believe that the downturn has already begun.
Metropolitan attractiveness
Tech job growth is shifting from cities
According to data from the EMSI consultancy, movement away from superstar cities toward more affordable locales is happening in other industries, too, such as finance and business services. Cost of living is a huge factor.
Residential real estate
The Annual Demographia International Housing Affordability Survey conducted by Wendell Cox and Hugh Pavletich demonstrates that some cities can be economically successful and avoid over-charging households for their housing consumption.
Home price evolution In urban cores
Housing price evolution of American downtowns bas d in decades’ worth of home prices in 34 of the largest cities in the USA plus Manhattan and Brooklyn,
Is co-living the future of urban living?
At first glance, co-living might merely seem like an easier way for millennials to access lower cost housing, but it’s a lot more than that. In fact, even retirees are taking advantage of co-living spaces across the globe.
Interesting development projects
Living in a parking garage? — www.kansas.com The Broadway Autopark, a 44-unit residential complex, opened on April 1. The apartments were built into the former Knightley's Parking Garage at 303 S. Broadway in downtown Wichita. The parking garage has been converted into apartments.
This 18-story mass timber building went up in 66 days — archpaper.com
The tower features 1,302 10-inch-by-10-inch Douglas Fir Glulam columns and 464 Douglas fir CLT panels of varying thicknesses.
An act of architectural salvation — www.sfgate.com
What has occurred at the otherwise nondescript corner of 10th and Howard streets in San Francisco is nothing less than a resurrection — one that shows us how today’s cultural forces can alter the past, salvaging old treasures yet using them in ways their founders could not have conceived.
Environment & resiliency
How to think about the costs of climate change
By now, it’s clear that climate change poses environmental risks beyond anything seen in the modern age. But we’re only starting to come to grips with the potential economic effects.
Around the world
Charting skyscraper construction — www.visualcapitalist.com Nearly 150 skyscrapers were completed around the world last year. Find out which cities and regions are growing skyward the fastest.
Philippine referendum to give minority Muslims control over land
The move is aimed at ending decades of deadly conflict and granting greater control over land and natural resources
$238 million for a condo in NYC
Ken Griffin, founder of the Citadel hedge fund closes on a Central Park apartment, paying more than double the previous record price for a residential sale in New York City.