Urban populations are growing faster than ever and there’s no sign of them slowing down in the future. Urbanization – or the shift in populations from rural to urban areas – is no longer an emerging trend; it’s now the new normal. With a finite amount of land and space available in cities and the rising cost of city living, developers and city planners need to be innovative in the way they consider space in urban areas.
A new infographic from the National Association of Realtors® looks deeper into this demographic shift and how consumers’ changing values will further increase demand for walkable, pedestrian-friendly, mixed-use communities.
