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Urban Explosion

By Mark Wade

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Published: 01Dec2007
Word count: 544
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Is the trend that started after WWII of moving to the suburbs reversing itself?

In part, at least here in downtown Philadelphia, one might guess that would be the case. Philadelphia condominiums are on the move, as empty nesters seem to be making the migration back into town. This phenomena is not just happening in our fair city, but is happening all over the globe as folks seem to be simplifying their life styles and choices. Let's focus on the baby boomers for a moment. Now our parents left the cities for the suburbs after WWII, and come hell or high water, they weren't coming back. But the baby boomer generation, the same folks that attended Woodstock, and drove VW buses, are now becoming empty nesters, and they are really the driving force - at least as far as the Philadelphia condominium set is concerned - behind what is reshaping our city. They bring with them money, and a fair amount of it, and populate the upper echelon of the condos in Center City.

I recall back in the late 1980's when someone would transfer to Philly from say, Atlanta. They would magically bounce off Center City, and they would end up in suburbia. Today, I am seeing the polar opposite. With one visit to town, they are here to stay. The thought of the traffic, mega square footage of detached housing, and inherent lawn mowing is NOT on their agenda. These X-hippie types (now doctors, lawyers, etc) are interested in an easier, less encumbered life style. They are more mobile, seem to travel more, and leave duties like collecting mail and newspapers to the doormen of their new Philadelphia condominium.

Philly is certainly on the move, with the perception of clean and safer streets, and a bond rating that isn't junk status. And with the addition of the empty nesters, and transferees, we are certainly heading in the right direction. Echoing the sentiment of urban expansion seen worldwide, we certainly are not being left in the cold on that issue. Perhaps Philadelphia is not as bad as Philadelphian's say (or used to say) it is.....

So if you are considering a move to one of our many fine Society Hill condos, or say Philadelphia lofts, you are not alone. In fact, you may find yourself simply joining the trend. Rittenhouse Square condominiums are as hot as the cheese steaks served around town, and with good reason. I found the following info in a recent Parade Magazine:

In the year 1800, just 3% of the world's population lived in cities. This year, more than 50% of our planet's 6.6 billion people are city-dwellers. And that's only the beginning: The United Nations forecasts that at least 23 cities, most of them in the developing world, will have populations above 10 million by 2015. And how big will the biggest of the cities get? About 40 million. In fact, Tokyo and its immediate suburbs already have 35 million—more than the entire population of Canada. Despite the growth of these megacities, the UN says most people will be living in towns of 500,000 or less.

Welcome to the many new beautiful downtown Philadelphia condominiums. You are not alone in your search for a new lifestyle!

Mark Wade is a Philadelphia REALTOR who is "the" Center City Philadelphia condominium specialist. Mark's vast knowledge of what's trendy and which finishes buyers look for when selecting a home hope both buyers and sellers of Philadelphia real estate make the most of their investments. View Center City condos for sale at http://www.CenterCityCondos.com

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