News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
24/7 Wall St. / January 2, 2013
Urban experts have a sure-fire way of telling whether a neighborhood has turned the corner from dowdy to prosperous — it’s called the Starbucks test.
“You’re probably well past up-and-coming once a Starbucks moves in,” says Peter Tatian, senior research associate in the Urban Institute, a Washington think tank. Yoga studios and even dog parks are other anecdotal indicators that affluent homeowners and renters have begun to gentrify a neighborhood, adds Tatian.
Of course, Tatian, along with Realtors, homebuyers and homesellers look to another objective test of market interestRead More