What's the next hot neighborhood?
Washington Business Journal recently published an article titled "The hunt for the next hot spots" in which Richard Florida identifies trends in DC area development. He highlights Arlington as a place that 20 years ago no one would have predicted as a popular place for young professionals to want to live.
Ballston and Clarendon are highlighted as trendy urban neighborhoods that came as a surprise to demographers.
According to the article, 77% of Gen Y-ers (or Millennials) plan to live in an urban core. This is a dramatic departure from the suburban ideal that was embraced by our parents. Another interesting trend is the end of "White Flight" which had a major effect on housing trends of our parents generation. DC has seen an increase in the white population since 2000.
So what is the future hot spot? In Arlington, this article points to Shirlington and Columbia Pike as examples of areas that are benefiting from an increase in transit options and development.
What do you think?