Shrinking cities with appreciating rents at Pacific Standard magazine.
Theme: Ironic demographics and gentrification.
Subject Article: "Developers Turn Former Office Buildings Into High-End Apartments: In Cleveland and Other U.S. Cities, Rents for Residential Units Rise Amid Sluggish Office Demand."
Other Links: 1. "Who likes Pittsburgh? The answer shows up in low office vacancy rates."
2. "Real estate notes: Views on Pittsburgh apartment market."
Postscript: I am at the "Reinventing Older Communities: Bridging Growth & Opportunity" conference in Philadelphia today. This morning, I toured an urban neighborhood attempting to revitalize. Missing from the discussion is an understanding of how migration impacts community and economic development. I figure that's why gentrification pressure in dying Cleveland is so surprising. At best, the demographic analysis is superficial. Sometimes the analysis is just wrong. I'm angling to make migration a part of the reinventing older communities conversation.