The Importance of Downtowns - Spring 2014

Much of what I write in this Market Update is focused on downtown real estate.  While increasing or declining real estate values are indicative of the health of a community, downtowns are in general a barometer of our economy, society and marketplace.  Healthy downtowns are the foundation of healthy communities.   Aside from having a strong economy and thoughtful leadership, what are the key components to a healthy downtown?  Attractive and “interesting” buildings, clean safe public spaces, ease of travel, many residential options and a variety of uses all of which attract vitality and tax dollars!