Wednesday, March 9, 2011
Wisconsin Real Estate Viewpoint Blog
Reporting from MIPIM 2011:
What does density mean for a city--"for better or for worse"? Density itself, or the lack of it, can have an impact. The global population shift from suburban to urban centers means suburban populations are shrinking. Some German cities, for example, have lost 30 percent of their population in two decades. The effects of this shrinkage on the real estate market include high vacancy rates combined with severe drops in value. To address the problems, German suburbs investing in infrastructure, revitalization techniques and even demolishing vacant units. Going forward it will be important to take into account this relocation, the resiliency of plans and the sustainability of projects when considering how to plan for the density within a city.Our coverage of the sessions at MIPIM continues tomorrow, so bookmark the Wisconsin Real Estate Viewpoint and follow us on Twitter @UW_GraaskampCtr. And be sure to visit MIPIM World blog for video and other exclusive content.