I think suburbia might be a victim of its own success. As people moved out to more widely-dispersed communities, that caused commuting all the way downtown for work to be increasingly problematic. So of course that encouraged demand for business to also move out to the suburbs. Eventually things got so dispersed that people had to start driving everywhere. Roads got congested. It became increasingly common for people…
I live an hour outside of Chicago and mostly work from home; I'm in the city maybe 1 day per week. I fought moving out of the city for a while, but I have really come to love it, especially when it comes to raising kids. When I have to head into Chicago, I take the train. It is weird how quickly you can go from yuppie to suburbanite. My property taxes are high, but my overall cost (and quality) of living is better th…
I wonder if perhaps we're seeing the results of a shift to the service economy in addition to the shift back to the cities. If we need fewer people to manually perform clerical work in offices, and more people to run the restaurants that we increasingly eat at, then that's going to create a definite shift in demand for different kinds of commercial space.