Robert Steuteville writes for CNU’s Public Square, “Strong demand for historic downtowns and neighborhoods brings a surge of population at a level not seen in 70 years. Traditional American cities like Seattle, New Orleans, New York City, and Philadelphia are growing this decade at a rate that they haven’t seen since the 1940s, according to a Public Square analysis. The 25 largest traditional cities gained 3.8 percent in population in the first half of this decade, from 2010 to 2015, according to US Census Bureau estimates. “Many traditional cities have de-gentrified much more than gentrified. Buffalo has lost 56 percent of its people since 1950. The city is still losing population this decade—although the outward flow is reduced to a trickle and downtown is lively again. The Queen City has a small handful of neighborhoods that have gentrified—and scores that suffer from disinvestment. Buffalo’s greatest asset today may be cheap rents combined with historic buildings and neighborhoods that are coveted by a market that has rediscovered the charms to traditional cities. “Given current trends, it is a matter of time before cities like Buffalo grow again. Some are likely to gain population this decade.”
Traditional cities are having a big decade
Posted on: March 17, 2017