Part 2:The Rise of the Creative Class® : How will the housing market meet the future demands of an intensive knowledge based economy?
Part 2: What kind of homes will creative professionals look for?
Are creative professionals happy with just a home with standard 20th century interiors or would they rearrange the homes differently? Does the difference lie more in the environment than in the home itself? As a Toronto real estate professional, I have noticed the increasing emphasis by urban home buyers to seek homes in walkable neighborhoods close to work, and flexible homes suited as live/work space. Importance is placed in larger living room and wi-fi kitchen for gathering/entertaining/working, less emphasis on the traditional formal dining room, towards the favor of interior characters inspired by loft living, smaller bedrooms, and smaller urban gardens.
Having a high-quality housing stock in the city entices the category of urban professionals and companies to settle, as well as affordable living space for first time buyers. Striking the right balance in inventory of accomodation offers positive social impact as well as a progressive housing market that thrive in a creative knowledge-based economy in metropolitan areas.
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Related Links:
Creative Class® - The source on how we live, work and play.
All About Cities
Reading:
The Rise of the Creative Class by Richard Florida
Creativity and the City. How the Creative Economy is Changing the City
The Death and Life of Great American Cities by Jane Jacob