Emerging Trends in Real Estate focuses on 24-hour cities

Lend Lease Real Estate Investments Inc. and PricewaterhouseCoopers recently published Emerging Trends in Real Estate 2000, which continues to promote the “24-hour cities” concept as the key to profitable long-term real estate investments. The annual report is based on interviews with top real estate authorities. Twenty-four hour cities/environments, which relate closely to the New Urbanism, are mixed-use places where people live, work, shop, and enjoy leisure activities in close proximity. Even as the internet and increased high-speed transportation make the world smaller, location is becoming even more important in real estate, according to Emerging Trends editors. “Twenty-four hour cities and prime infill locations will be magnets for people and commerce. As one respondent (to the editors’ survey) said “the 24-hour cities are the center of the new economy. ... These are the exciting places where people want to work and live.” Contact: emergingtrends@lendleaserei.com.