Jameson Gray & McKenna St. Onge | December 22, 2012
As the year comes to a close, we can look ahead to the new year and all the promise it brings. Whether 2016 will see you looking to buy or sell your home, stay in the same city or relocate to another city or state, it’s going to be a big year for real estate.
Looking ahead, pWc—the US arm of PricewaterhouseCoopers—prepared a report on the trends that will dominate the real estate and development world in the coming year. Here are four interesting trends from that report that may affect your worldview.
An 18-hour city is a city in which businesses are open longer and later than in a traditional, 12-hour city. Not only does this drive nightlife, but it also gives consumers the opportunity to shop, take care of business, or eat out longer in the day, get in more hours at work, or have later access to public transportation.
While this trend will surely affect larger metropolitan areas before it hits mid-sized cities like Tucson, it’s current to be on the watch for.
Development in most cities and towns is still taking place on the outer edges and borders of urban space because open land is usually already at a minimum. Yet new developments will no longer look the same as the suburbs of the 1970s through early 2000s.
The new trend in suburban development will be to create ‘urban’ suburbs—suburbs that offer all of the amenities of a city center, including a retail core, transit hubs, and nightlife. The idea is that people will be drawn to visit the suburbs to fill certain needs or to have fun, rather than only exiting from the city life after work.
‘Flexible housing’ is a vague term, but pWc put it forward as new housing that is developed with a variety of community needs in mind. The example the report put forth was twofold: contrasting baby boomers, who will want to find housing where they can age comfortably without having to relocate to care homes when they need help, with today’s 20- and 30-somethings, who need affordable housing in the urban areas where they can find work.
Developers are looking for ways to build both kinds of housing while still addressing a variety of desires for amenities, locations, and price ranges. This might mean more active-living communities developed in the new ‘urban’ suburbs, micro-housing in urban centers where space is already at a premium, or mixed-use communities where a variety of demographics can live comfortably together.
In hand with building new homes and further developing communities comes the task of getting people to and from their new residences. As more space is developed into housing and commercial real estate, parking becomes more and more scarce.
Many developers are now interested in boosting alternatives to driving—building parking lots or garages, but also adding in more space for bicycle parking, bus stops, or car-sharing programs. This is also part of the green trend in building and development—a trend which seeks to both lessen the impact of cars and traffic on the environment and also reduce traffic congestion in cities and towns.
Whether or how soon any of these trends will affect the greater Tucson area remains to be seen—but it is interesting to think about how future development might change our landscape over the coming year or decade.
Stay up to date on the latest real estate trends.
June 23, 2022
A few essential tips to help you significantly boost your ROI.
June 14, 2022
Fall in love with the modern desert home of your dreams.
June 6, 2022
Experts weigh in on new constructions in Tucson real estate.
May 15, 2022
Whether you’re hosting a birthday party or a book club, step up your outdoor entertainment game with these four helpful tips.
April 21, 2022
Residents of Ventana Canyon Estates enjoy the finest luxury homes and best features of Tucson, Arizona.
April 13, 2022
Tucson luxury real estate is in high demand, and the four properties below will help to explain why.
Jameson Gray & McKenna St. Onge | February 3, 2022
The property at 1416 Smokey Springs topped $4 million with the help of the Gray St. Onge real estate team
Jameson Gray & McKenna St. Onge | January 24, 2022
Take a peek at the vibrant style and amazing features of this home
Jameson Gray | November 22, 2021
Wine is universal — no matter your tastes, there’s always a little something you’ll like.
LOCAL EXPERTISE. GLOBAL CONNECTIONS.
We offer the highest level of expertise and service with integrity. The Gray | St. Onge Group is a dedicated team with years of experience as leading real estate agents in Tucson, Arizona, and the surrounding area.