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.
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