Urban Dwellers Outnumber Rural Residents Worldwide For The First Time In 10 Years
June 9, 2017 | by Erik Dolan-Del Vecchio | Bisnow
Talk about turning tables. For the first time in 10 years more people live in urban cities than they do in rural areas throughout the world, according to a recent JLL Fringe Markets report. As of 2017, 54% of the world’s population lived in cities. In the U.S. the shift toward city living is pushing developers to revitalize city centers and fringe neighborhoods alike, but often the biggest difference can be seen on the outer edges.
This trend toward urbanization is not limited to cities like New York City and San Francisco. It is happening all over America. From Miami to Minneapolis, we decided to check out six U.S. cities where fringe markets are flourishing.
