The report Emerging Trends in Real Estate 1999
ROBERT STEUTEVILLE JAN. 1, 1999
The report Emerging Trends in Real Estate 1999, by PricewaterhouseCoopers, once again reports that the best real estate investments are metropolitan regions with healthy, pedestrian-oriented downtowns. The top cities — San Francisco, Seattle, New York, Boston, and Chicago — all fall under the category of what Emerging Trends calls “24-hour cities,” where employment, residential and retail come together in traditional configurations. The report also predicts that 15 to 20 percent of regional malls existing in 1990 will be nonfunctional by 2000. Power centers continue to languish as a result of overbuilding, and are further threatened by electronic commerce.
