Daily insights for city builders, delivered every morning at 6 AM ET. I’m Brandon Donnelly — a Toronto-based real estate developer and founder of Globizen. I’ve been writing here since 2013.

Tag: urban living

  • Cities are not going away

    Here are the results from a recent survey by The Harris Poll and the Chicago Council on Global Affairs, which asked 1,200 residents from the six largest metropolitan areas in the US how they were feeling about urban and suburban life during this pandemic. (The exact timing was last fall.)

    The bar color indicates where the respondent current lives. So for example, of the respondents who currently reside in an outer suburb (blue bar), 73% said that they wouldn’t change where they live. They seem to be feeling pretty good about their life decisions right now.

    But for respondents who live in an urban area (black bar), 50% also said that they wouldn’t change where they live. And interestingly enough, 25% of all respondents living in a city responded by saying that they were actually more likely to move to another urban area. (Perhaps Miami?)

    For these urbanites, of which I would include myself, the city is far from dead.

  • Fun Friday: Everyone’s Upstairs Neighbors

    This week has not been a good week for Toronto city builders. So I think a Fun Friday post is in order to lighten things up around here. (I’m stealing the idea of a Fun Friday post from Fred Wilson’s technology blog – he has been doing them for years).

    Here’s a short comedy sketch called, Everyone’s Upstairs Neighbors. If you’ve ever lived with a noisy neighbor above you, this will all make perfect sense to you and I think you’ll find it hilarious. Click here if you can’t see the video below.

    [youtube https://www.youtube.com/watch?v=4IRB0sxw-YU?rel=0&w=560&h=315]

  • Where the jobs are being created in cities

    According to a new report released by City Observatory, US cities have officially reversed a 50-year trend towards decentralization.

    We know that urban living has been seeing a renaissance over the last decade or so, but as recently as 2002 – 2007 (pre-Great Recession), the suburbs and peripheral areas were still seeing significantly higher job growth: 1.2% per year in the periphery versus 0.1% in the city center. The “city center” is defined as a 3 mile radius around the center of the city in this study.

    However since 2007 things have flipped:

    image

    Chart Source: City Observatory

    Why is this happening? Here’s a snippet from City Observatory:

    The strength of city centers appears to be driven by a combination of the growing attractiveness of urban living, and the relatively stronger performance of urban-centered industries (business and professional services, software) relative to decentralized industries (construction, manufacturing) in this economic cycle. While it remains to be seen whether these same patterns continue to hold as the recovery progresses, (the latest LEHD data on city center job growth are for calendar year 2011), there are structural forces that suggest the trend of center-led growth will continue.

    In some ways, it just makes intuitive sense. People started returning to cities and so the jobs followed (although there were also structural changes to the economy). 

    The big question, however, is whether this trend will continue? My bet is on yes. What do you think?