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Suburban Real Estate NYC

WATCH: Blackstone’s Gray says the burbs will soon have their moment Investor ar新上海贵族宝贝论坛

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gues urban revival will continue

In real estate, the past decade has been all about the urban revival, which le爱上海同城手机版

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d to rising rents in many cities and vacancies in suburbia.

The 上海千花网交友

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Blackstone Group’s Jonathan Gray argued that millennials will continue to flock to the cities. But he also said that some suburban towns may attract more young residents by becoming more city-like.

“There are places in suburban America where you’re around a transportation node, where you’ll see more density,” he said. “I thin阿拉爱上海同城

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k you’ll see zoning for taller buildings in those areas” creating neighborhoods where people can shop and bike around, he added.

“As always, there’s a ying and a yang here. Right now urban America is doing quite well. I think you’ll see more densification of the suburbs over time.”

Gray isn’t the only real estate investor to see potential in suburbia. RXR Realty, for examp上海龙凤论坛

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le, has been investing heavily in developments near public transit outside of New York City. [Yahoo Finance] Konrad Putzier

Tags: blackstone group, Commercial Real Estate, jonathan gray
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