Yeah, we know: seen this story before. And yet the suburbs keep growing.
But this series from Business Insider is more about how the suburbs are changing than how they’re dying – though some elements, like malls and golf courses – actually are.
Really, the story is this:
The line is blurring between city and suburb
Urban and suburban areas are becoming less distinguishable as modern populations value convenience and location over size.
The line between city and suburb has already started to blur, Fadi Masoud, an urban-planning professor at the University of Toronto who contributed to a forthcoming book called “Infinite Suburbia,” told Business Insider’s Leanna Garfield. …
Urban planners across America are rethinking how suburbs are designed. Towns like New Rochelle, a suburb of New York City, are evolving to focus less on space and possession and more on walkability and environmental impact.
McMansions are out
The cheaply constructed mansions of old are plummeting in value as homebuyers are more discerning.
In an article in August 2016, Bloomberg cited data from the real-estate site Trulia that showed that the premiums paid for McMansions have declined significantly in 85 of the country’s 100 biggest cities. …
Suburban malls are in crisis
As anchor-store behemoths like Macy’s, Sears, and JCPenney close hundreds of locations, the future of malls is in jeopardy.
The commercial real-estate firm CoStar estimates that nearly a quarter of malls in the US, or roughly 310 of the nation’s 1,300 shopping malls, are at high risk of losing an anchor store. …
The roads that connect suburbs to city are falling apart
“In suburbs, the big challenge is repairing the existing highway system,” Christopher Leinberger, chair of the center for Real Estate and Urban Analysis at George Washington University, told Business Insider. “Ideally, there won’t be any new highway capacity built because we can’t afford to maintain what we have.” …
Golf courses are shutting down
Over 800 golf courses have shuttered across the US in the past decade, and data from the Sports & Fitness Industry Association has shown that millennials between the ages of 18 and 30 lack interest in playing the game.
Casual dining is in crisis
For many years, suburban residents sought the treat of going to casual-dining chains. But as more people choose to make their food at home, the restaurant industry is in crisis.
The weakest link in the industry was casual dining, which was the bottom performer in all but two months of the year. Most of these restaurants are in the suburbs.
Series starts here.