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After work tonight, I’m meeting a few friends for a drink. Then I may go out for dinner. But I won’t be out until 3 AM, which is okay – because I live in an 18-hour city.
The 18-hour cities don’t shut down at midnight, but also aren’t necessarily “open” 24 hours like gateway cities. Investors are increasingly interested in 18-hour, “second-tier” cities because of strong economic and population growth, attractive yields and a trendy scene attracting millennials.
ULI suggests the trend will only intensify as vibrant urban centers are drawing residents and businesses to the core.
– Sarah Funderburk, SPR Atlanta