Turkeys, Pumpkins, Bicycles and Bus-Sharing-October E News is Here!

To view the Newsletter in browser format, click hereOctober E News Page1 Turkeys, pumpkins, bicycles, and bus sharing!Turkeys, pumpkins, bicycles, and bus sharing!Turkeys, pumpkins, bicycles, and bus sharing!

Transit struggles with North America’s move downtown

Transit struggles with North America’s move downtown

Millennials’ desire to live near their workplaces strains cities from Toronto to Los Angeles.

Construction on the Eglinton Crosstown tunnel earlier this year: transit improvements have been hampered by too many studies and not enough funding.

The new desire to live — and work — downtown is overwhelming the transit systems of major cities across North America, says a new report by commercial brokerage Cushman & Wakefield.

“Toronto isn’t alone,” says Michael Caplice, senior managing director of Toronto office leasing for the global real estate firm.

In a 10-city study released Monday, Cushman finds that the explosion of new offices and condos in downtown cores is taking place from Mexico City to New York, Chicago and Washington, driven largely by millennials keen to live close to their work.

“These are challenges that are now in many ways global,” added Caplice, pointing to the “sweeping transformation” of urban cores that has also taken place over the last decade in China and India’s biggest cities.

“As more people, including empty nesters, heed the siren call of downtown living, city governments, developers and businesses will continue to be pressured by the need to reduce commute times to support the fight for talent, improve productivity and enhance the overall experience of urban life,” says the report.

“Those (cities) that manage their growing pains the best will strengthen their positions as world-class cities.”

(more…)

Ride the slipstream into September!

Ride the slipstream into September!

Click here to read this in browser format

Ride the slipstream into September!Ride the slipstream into September!Ride the slipstream into September!Ride the slipstream into September!Ride the slipstream into September!Ride the slipstream into September!Ride the slipstream into September!

Our Sponsors