Tuesday, April 29, 2014

Real Estate Trends

Real Estate Trends

According to a report published by Urban Land Institute (ULI) and PwC, of all the generations, Generation Y is the most likely to live in a medium-sized or big city, and this generation expressed the most interest in living in a large city in the next five years. This move to urban areas is a large and growing trend within the real estate market.

I'm about to move to New York, and although the apartment building I'll talk soon talk about doesn't quite fall into a recent college grad's budget range, it's still a fascinating development and speaks to the growing need for innovation and space efficiency in a large city like New York.

200 Eleventh Avenue

I first saw this apartment building in West Chelsea on Million Dollar Listing, and it immediately attracted my attention. It's one of the most expensive apartment buildings in New York's trendy Chelsea neighborhood, boasting the first ever en-suite sky garage, allowing each apartment owner to park their car on their floor. As more and more people move into the city from all income levels, there will be increasing demand for unique properties to meet needs at all prices.





1 comment:

  1. Good info. really helpful for the users. With respect Hyderabad property prices - residential and commercial properties for sale in Hyderabad are moderate.

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