{"id":2257,"date":"2017-03-20T00:00:00","date_gmt":"2017-03-20T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/the-downtown-comeback-7-to-watch\/"},"modified":"2017-03-20T00:00:00","modified_gmt":"2017-03-20T00:00:00","slug":"the-downtown-comeback-7-to-watch","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/the-downtown-comeback-7-to-watch\/","title":{"rendered":"The Downtown Comeback: 7 to Watch"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"47.345047923323\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"42.513920584208\"><!--paging_filter--><\/p>\n<p>The downtown resurgence is reaching across the country. In the post-World War II era, Americans fled urban areas in favor of the suburbs. That left many downtowns to face some neglect, rising crime, and industrial decay, <a href=\"https:\/\/amazingproperty.com.ng\/blog\/estate-agents-nearby\/\">realtor<\/a>.com\u00ae notes in a recent article. But it\u2019s a new day for the American downtown.<\/p>\n<blockquote readability=\"1.5277777777778\">\n<p><strong>Read more<\/strong>: <span class=\"l\">Not Exiled on Main Street<\/span><\/p>\n<\/blockquote>\n<p>Redevelopment since the mid-1990s are putting more downtowns back on the map. Vacant office buildings are being transformed into loft apartments and empty storefronts are becoming trendy cafes. More major companies are moving their headquarters back to downtowns too. All of this combined, property values are getting a boost.<\/p>\n<p>\u201cPeople, young ones especially, love\u00a0historical buildings that\u00a0reintroduce them to\u00a0the past,\u201d says\u00a0Dan Cort, author of the book <em>Downtown Turnaround<\/em>. \u201cThey want to live where they can walk out of the house, work out, go to a caf\u00e9, and still walk to work.\u201d<\/p>\n<p>Realtor.com\u00ae\u2019s research team delved into the data of the nation\u2019s 200 largest cities to find the downtowns that are seeing the most growth lately. They considered such factors as residential population growth of downtowns since 2012; the number and growth of restaurants and retailers; vacancy rates; number and growth in jobs; and <a href=\"https:\/\/amazingproperty.com.ng\/blog\/tips-for-house-price-negotiation\/\">home price<\/a> appreciation since 2012.<\/p>\n<p>The following cities made realtor.com\u00ae\u2019s top seven (<a href=\"https:\/\/amazingproperty.com.ng\/blog\/nigeria-property-center\/\">listed<\/a> along with the median home prices in each downtown as well as home price growth):<\/p>\n<p><strong>1. Pittsburgh<\/strong><\/p>\n<ul>\n<li>Median home price in downtown: $353,000<\/li>\n<li>Home price growth since 2012:\u00a031%<\/li>\n<\/ul>\n<p><strong>2. Indianapolis<\/strong><\/p>\n<ul>\n<li>Median home price in downtown: $309,400<\/li>\n<li>Home price growth since 2012:\u00a020%<\/li>\n<\/ul>\n<p><strong>3. Oakland, Calif.<\/strong><\/p>\n<ul>\n<li>Median home price in downtown: $688,000<\/li>\n<li>Home price growth since 2012:\u00a0111%<\/li>\n<\/ul>\n<p><strong>4. Detroit<\/strong><\/p>\n<ul>\n<li>Median home price in downtown: $219,900<\/li>\n<li>Home price growth since 2012:\u00a0150%<\/li>\n<\/ul>\n<p><strong>5. Columbus, Ohio<\/strong><\/p>\n<ul>\n<li>Median home price\u00a0in downtown: $272,000<\/li>\n<li>Home price growth since 2012:\u00a020%<\/li>\n<\/ul>\n<p><strong>6. Austin, Texas<\/strong><\/p>\n<ul>\n<li>Median home price in downtown: $395,500<\/li>\n<li>Home price growth since 2012:\u00a06%<\/li>\n<\/ul>\n<p><strong>7. Los Angeles<\/strong><\/p>\n<ul>\n<li>Median home price in downtown: $617,500<\/li>\n<li>Home price growth since 2012:\u00a063%<\/li>\n<\/ul>\n<p><em>Source: \u201cTop 10 Cities Where Downtown Is Making a Comeback,\u201d realtor.com\u00ae (March 20, 2017)<\/em><\/p>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/5uIr3kHYQNY\/downtown-comeback-7-watch\"> link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The downtown resurgence is reaching across the country. In the post-World War II era, Americans fled &hellip; <a title=\"The Downtown Comeback: 7 to Watch\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/the-downtown-comeback-7-to-watch\/\"><span class=\"screen-reader-text\">The Downtown Comeback: 7 to Watch<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2258,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[518,1399,12908,543,617,11049,41,818,479,15282],"class_list":["post-2257","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-america","tag-development","tag-home","tag-home-buying-guide","tag-house","tag-ny","tag-property","tag-real","tag-realtor","tag-ross"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":765,"url":"https:\/\/amazingproperty.com.ng\/blog\/why-millennials-are-less-inclined-to-move\/","url_meta":{"origin":2257,"position":0},"title":"Why Millennials Are Less Inclined to Move","author":"Amazing Property","date":"February 14, 2017","format":false,"excerpt":"[ad_1] Millennials don\u2019t like to move compared to other generations. Just 20 percent of 25- to 35-year-olds in 2016 said they changed their addresses in the previous year. In 2000, 26 percent of Generation X members had moved the previous year. In 1990, 27 percent of late baby boomers reported\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4056,"url":"https:\/\/amazingproperty.com.ng\/blog\/toronto-has-a-lot-of-building-but-not-much-architecture\/","url_meta":{"origin":2257,"position":1},"title":"Toronto Has &#039;A Lot Of Building But Not Much Architecture&#039;","author":"Amazing Property","date":"May 1, 2017","format":false,"excerpt":"<p>Award-winning architect Brigitte Shim says Toronto's condo and office tower builders could step up and contribute to the public realm by taking more care when designing their projects. <p>In 1954, architect Phyllis Lambert wrote a letter to her father Sam Bronfman, who was about to embark on a major commercial\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4912,"url":"https:\/\/amazingproperty.com.ng\/blog\/3invest-houston-eb5-seek-investors-in-luxury-condominium-project\/","url_meta":{"origin":2257,"position":2},"title":"3Invest, Houston EB5 seek investors in luxury condominium project","author":"Amazing Property","date":"June 12, 2017","format":false,"excerpt":"Illustration of the proposed project Lagos-based real estate firm, 3INVEST Limited has unveiled another investment opportunity for property investors as part of its partnership with Houston EB5, which involves raising capital for development projects. Under the new scheme,\u00a0Houston EB5 is offering potential investors, the opportunity of investing in Real Estate\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/Final-Thompson-Rendering-1-WEB.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/Final-Thompson-Rendering-1-WEB.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/Final-Thompson-Rendering-1-WEB.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/Final-Thompson-Rendering-1-WEB.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/Final-Thompson-Rendering-1-WEB.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":7096,"url":"https:\/\/amazingproperty.com.ng\/blog\/the-missing-middle-situation-dire-in-toronto-optimistic-in-vancouver\/","url_meta":{"origin":2257,"position":3},"title":"The Missing Middle: Situation Dire In Toronto; Optimistic In Vancouver","author":"Amazing Property","date":"November 13, 2017","format":false,"excerpt":"In the Greater Toronto Area, 45 per cent of housing units are single-detached homes, 35 per cent are apartment buildings and just 20 per cent are known as the \"missing middle\" -- including townhouses, triplexes and low-rise buildings.\r \r But soon, demographics suggest that two fast-growing age groups -- those\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"4493dd59c48d89b26a18fdf444f96ee0 S.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/4493dd59c48d89b26a18fdf444f96ee0_S.jpg?fit=424%2C282&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1595,"url":"https:\/\/amazingproperty.com.ng\/blog\/fresh-fears-over-lagos-island-cbd-high-rise-commerial-property-as-fortunes-dip\/","url_meta":{"origin":2257,"position":4},"title":"Fresh fears over Lagos Island CBD high-rise commerial property as fortunes dip","author":"Amazing Property","date":"March 6, 2017","format":false,"excerpt":"Broad Street, Lagos, More than a decade after Lagos authorities restored sanity to the changing commercial real estate values in the heart of the Lagos Island business district, some of the property owners are yet to recover from the exodus of tenants from the city. Once the cynosure of all\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/Broad-Street-Lagos.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/Broad-Street-Lagos.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/Broad-Street-Lagos.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/Broad-Street-Lagos.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/Broad-Street-Lagos.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":8009,"url":"https:\/\/amazingproperty.com.ng\/blog\/off-plan-sales-dominating-residential-market-in-dubai\/","url_meta":{"origin":2257,"position":5},"title":"Off plan sales dominating residential market in Dubai","author":"Amazing Property","date":"February 5, 2018","format":false,"excerpt":"\u00a0 Off plan sales continue to dominate the residential property market in Dubai, which experts believe is partly due to the recent mortgage cap introduced by the emirate\u2019 s Central Bank. Many commentators believe that the cap, which means expats need a minimum deposit of 25per cent and pay 7per\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Tf 150224 Burj Al Arab 5 E1499879361214.jpg","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/tf_150224_Burj-Al-Arab-5-e1499879361214.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/tf_150224_Burj-Al-Arab-5-e1499879361214.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/tf_150224_Burj-Al-Arab-5-e1499879361214.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/tf_150224_Burj-Al-Arab-5-e1499879361214.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/tf_150224_Burj-Al-Arab-5-e1499879361214.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/5uIr3kHYQNY","_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=2257"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/2258"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=2257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=2257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=2257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}