Industry NewsNews Brief

Betting on bedrooms near subways

From Curbed.com blog
Published on Mar 23, 2009

As developers jockey for position and figure out how to make money in this market, the chants of transit-oriented development continue, reports Globe St. -- and everyone is writing off the suburbs. At Wednesday's Urban Land Institute conference, "At The Crossroads: Transportation and Development," held at the Los Angeles Convention Center, Christopher B. Leinberger, a senior fellow at the Brookings Institution, speculated that after the market bottoms out, "the vast majority of building permits ... will probably be in urban environments and transit-oriented development ... Add to that formula increasing energy costs and "boredom with drivable suburbanism," Leinberger said, "and it all equals tremendous pent up demand.' " According to Globe St., the panelists also tried to come up with an answer to what'll follow the condo boom. Their answer: The rental boom.View post at Curbed.com.Copyright (c) 2009 Curbed.com LLC *** What's your opinion? L...

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