Quote:
Many of the comments mentioned a few cities in particular, mainly Columbus, Sacramento, Detroit, Raleigh, Indinapolis, and OKC. Meanwhile, places like Louisville, San Francisco, and Pittsburgh were barely mentioned. How accurate do you think these are? What cities do you guys think will undergo a boom in the near future?
|
Not sure how accurate of an opinion I can make since I'm not an expert on any of this, but here's a pure guess:
Columbus: Seems plausible. It has the right fundamentals like a white collar economy and a central area that's desirable and has momentum because of the university and the medical district. It's had a lot of infill over the last 20 years and is just starting to have taller 10-15 story residential midrises. So who knows.
Sacramento: No idea. Not sure why its downtown has been stuck in time despite being the state capitol of the most populous US state. Sacramento has a lot of stuff going for it, but there's something weird about it.
Detroit: Maybe more of the same, where they build a midrise or two every few years while renovating historic buildings? Detroit's starting to come back to life but its also so empty too, is there enough demand?
Raleigh: Probably, Durham which is close by has sprouted a couple tall residential towers, it seems like a matter of time before Raleigh also takes off. Like Columbus, it seems to match the profile that cities like Austin and Nashville are in. Out of the cities on the list, this is one I'd most expect to really change with new growth. Right now Raleigh is sort of like 3 small towns in a trenchcoat pretending to be a city, but it's going to grow up into a major metropolitan area.
Indianapolis: It doesn't have the same image as Columbus. The central city is more blue collar. It doesn't have a lot of new development except for a couple new hotels near the convention center, etc. Probably not.
OKC: Zero chance. The economy there lives and dies by oil and gas booms and busts. That's how it ended up with a small collection of skyscrapers to begin with. It's unlikely there will be another gas boom that would make more appear. It will continue to build low-rise residential infill and might get some tall multi-story casino/resort developments from the native tribes but that's it.
Louisville: Not sure. Its too small, too white-flight-y, and not really growing fast enough. It's unlikely they would build any new tall buildings there. It's more likely to lose some of its skyscrapers as offices empty out.
SF: Obviously it will continue to build luxury residential towers, though I seriously doubt it would build another supertall.
Pittsburgh: Maybe a few new tall buildings in the future, even if the city is kind of middle of the road and not a boomtown it's pretty centralized and urban for a city of its size so there's probably demand?