One of my favorite real restate authors is my friend and fellow SIOR, Bill Gladstone, who dominates the Harrisburg Commercial real estate market. In his Second Quarter 2015 Real Estate Review in an article focused on downtown revivals that have been mushrooming across the country. “Charles Lesser & Co., a real estate consulting firm, recently surveyed the preferences of young adults ages 20 to 34 and found that:
- 31 percent prefer to live in a center city.
- Two-thirds seek walkable places or town centers. One-third are willing to pay a premium to be within walking distance to shops, restaurants, bars and other amenities.
- Half are willing to give up living space in order to live in a walkable neighborhood.”