Dense Urban Thinking Down Under

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Forbes.com

Ku-ring-gai is a piece of suburban paradise in the inner rings of Sydney. A district of modest homes and quaint small-scale shopping districts, it sits near one of the last remaining stretches of blue-gum forest inside Australia’s largest city. You can still catch the occasional cockatoo luxuriating on a branch.

First built around 1900, the neighborhood of 106,000 boasts all the charms of the classic “garden city,” balancing nature with modestly scaled development. Yet today the Ku-ring-gai community — including the remaining flora and fauna — is threatened with extinction by planners and developers seeking to pack the district with non-descript apartment tracks and ten-story commercial structures.

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The Demise Of The Luxury City

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Forbes.com

The Republican victory in New York City’s ninth congressional district Sept. 13 — in a special election to replace disgraced Rep. Anthony Weiner — shocked the nation. But more important, it also could have signaled the end of the idea, propagated by Mayor Michael Bloomberg, of New York’s future as a “luxury product.”

For a decade, the Bloomberg paradigm has held the city together: Wall Street riches fund an expanding bureaucracy that promotes social liberalism and nanny-state green politics. Indeed, Wall Street’s fortune — guaranteed by federal bailouts and monetary policy under both Presidents George W. Bush and Barack Obama — has been the key to the mayor’s largely self-funded political success. Under Bloomberg, Wall Street’s profits allowed city expenditures to grow 40% faster than the rate of inflation. Bloomberg was also able to buy political peace by bestowing raises two to three times the rate of inflation on the city’s unionized workers.

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California Wages War On Single-Family Homes

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Forbes

In recent years, homeowners have been made to feel a bit like villains rather than the victims of hard times, Wall Street shenanigans and inept regulators. Instead of being praised for braving the elements, suburban homeowners have been made to feel responsible for everything from the Great Recession to obesity to global warming.

In California, the assault on the house has gained official sanction. Once the heartland of the American dream, the Golden State has begun implementing new planning laws designed to combat global warming. These draconian measures could lead to a ban on the construction of private residences, particularly on the suburban fringe. The new legislation’s goal is to cram future generations of Californians into multi-family apartment buildings, turning them from car-driving suburbanites into strap-hanging urbanistas.

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India Conquers the World

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Newsweek

From the exclusive Club Lounge on the 19th floor of Singapore’s Mandarin Oriental, Anish Lalvani gazes out at the city’s skyline, a dazzling array of glass and steel and vertical ambition. The Lalvani family has come a long way since the days when Anish’s paternal grandfather, Tirath Singh Lalvani, got his start in business by retailing medicines to King George VI’s soldiers in Karachi. Back then the city was a part of British colonial India—until independence arrived in 1947, and its inhabitants suddenly found themselves amid the bloody turmoil of the newborn Pakistan. The Lalvanis, like millions of others on both sides of the border, fled for their lives. But instead of making new homes in present-day India, the Lalvanis sought their fortunes abroad. Today the family’s Hong Kong–based Binatone Group employs some 400 people on four continents. “We couldn’t break the old boys’ network,” says Anish. “But overseas we created our own.” Read more

Why America’s Young And Restless Will Abandon Cities For Suburbs

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Forbes.com

For well over a decade urban boosters have heralded the shift among young Americans from suburban living and toward dense cities. As one Wall Street Journal report suggests, young people will abandon their parents’ McMansions for urban settings, bringing about the high-density city revival so fervently prayed for by urban developers, architects and planners.

Some demographers claim that “white flight” from the city is declining, replaced by a “bright flight” to the urban core from the suburbs. “Suburbs lose young whites to cities,” crowed one Associated Press headline last year.

Yet evidence from the last Census show the opposite: a marked acceleration of movement not into cities but toward suburban and exurban locations. The simple, usually inexorable effects of maturation may be one reason for this surprising result. Simply put, when 20-somethings get older, they do things like marry, start businesses, settle down and maybe start having kids.

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The Next Boom Towns In The U.S.

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Forbes.com

What cities are best positioned to grow and prosper in the coming decade?

To determine the next boom towns in the U.S., with the help of Mark Schill at the Praxis Strategy Group, we took the 52 largest metro areas in the country (those with populations exceeding 1 million) and ranked them based on various data indicating past, present and future vitality.

We started with job growth, not only looking at performance over the past decade but also focusing on growth in the past two years, to account for the possible long-term effects of the Great Recession. That accounted for roughly one-third of the score.  The other two-thirds were made up of a a broad range of demographic factors, all weighted equally. These included rates of family formation (percentage growth in children 5-17), growth in educated migration, population growth and, finally, a broad measurement of attractiveness to immigrants — as places to settle, make money and start businesses.

We focused on these demographic factors because college-educated migrants (who also tend to be under 30), new families and immigrants will be critical in shaping the future.  Areas that are rapidly losing young families and low rates of migration among educated migrants are the American equivalents of rapidly aging countries like Japan; those with more sprightly demographics are akin to up and coming countries such as Vietnam.

Many of our top performers are not surprising. No. 1 Austin, Texas, and No. 2 Raleigh, N.C., have it all demographically: high rates of immigration and migration of educated workers and healthy increases in population and number of children. They are also economic superstars, with job-creation records among the best in the nation.

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The Rise Of The Third Coast: The Gulf Region’s Ascendancy In U.S.

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Forbes.com

For most of the nation’s history, the Atlantic region — primarily New York City — has dominated the nation’s trade. In the last few decades of the 20th Century, the Pacific, led by Los Angeles and Long Beach, gained prominence. Now we may be about to see the ascendancy of a third coast: the Gulf, led primarily by Houston but including New Orleans and a host of smaller ports across the regions.

The 600,000 square mile Gulf region has long been derided for its humid climate, conservative political traditions and vulnerability to natural disasters. Yet despite these factors, the Gulf is destined to emerge as the most economically vibrant of our three coasts. In our rankings of the fastest-growing job markets in the country, six Gulf cities made the top 50: Houston, Corpus Christi and Brownsville, in Texas; New Orleans; and Gulfport-Biloxi and Pascagoula, in Mississippi. In contrast, just one Pacific port, Anchorage, Alaska, and one small Atlantic port, Portsmouth, N.H., made the cut.

This reflects a long-term shift of money, power and jobs away from both the North Atlantic and the Pacific to the cities of the Gulf. The Port of Houston, for example, enjoyed a 28.1% jump in foreign trade this year, and trade at Louisiana’s main ports also reached records levels.

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Hey, Dad: Family Still Matters!

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Forbes.com

America is getting older. Those over the age of 65, which currently account for 12% of the population, are expected to make up 20% of the population by 2030. People are marrying later, and a growing group, though still a distinct minority, is choosing not to have children. So if there are proportionately fewer traditional households, do families still matter in determining how places and regions grow?

The answer is yes. Using Census data, with the help of demographer Wendell Cox, we determined the regions in the U.S. with the biggest increases in children ages 5 to 17 (See table below). These family hot spots, which include Raleigh, N.C. (No. 1), Austin, Texas (No. 3) and Charlotte, S.C. (No. 4), are also some of the country’s biggest job generators. Many rank highly in the fastest-growing cities in the U.S. And seven of the ten leading regions for kids also have the fastest-growing foreign-born populations.

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The Dispersionist Manifesto

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Wharton Real Estate Review

We live in an era of the heady drumbeat of urban triumphalism. In a world that is now, by some measures, predominately urban, observers like historian Peter Hall envision a “coming golden age” of great cities. It is time to look at such claims more closely, replacing celebratory urban legends with careful analysis. Although the percentage of people living in cities is certain to grow, much of this growth will be in smaller cities, suburbs and towns. And it is unclear whether extreme centralization and densification are either inevitable or desirable, for as cities get larger—both in the developed and developing world—they display a tendency to become increasingly congested, bifurcated by class and economically inflexible.

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The Census’ Fastest-Growing Cities Of The Decade

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Forbes.com

Over the past decade urbanists, journalists and politicians have hotly debated where Americans were settling and what places were growing the fastest. With the final results in from the 2010 Census, we can now answer those questions, with at least some clarity.

Not only does the Census tell us where people are moving, it also gives us clues as to why. It also helps explain where they might continue to go in the years ahead.  This information is invaluable to companies that are considering where to expand, or contract, their operations.

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