{"id":1004637210,"date":"2023-01-04T14:56:56","date_gmt":"2023-01-04T22:56:56","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004637210"},"modified":"2023-01-06T03:07:14","modified_gmt":"2023-01-06T11:07:14","slug":"cre-and-15-minute-cities","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cre-and-15-minute-cities\/","title":{"rendered":"CRE and 15-Minute Cities"},"content":{"rendered":"<div id=\"attachment_1004401892\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Jessica-Fiur-Headshot_small-1.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004401892\" data-attachment-id=\"1004401892\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/the-simple-step-to-help-your-tenants-amid-the-coronavirus-crisis\/jessica-fiur-headshot_small-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Jessica-Fiur-Headshot_small-1.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Jessica-Fiur-Headshot_small\" data-image-description=\"&lt;p&gt;Jessica Fiur, Editor-in-Chief&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;From the Editor&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Jessica-Fiur-Headshot_small-1.jpg?w=800\" class=\"wp-image-1004401892 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Jessica-Fiur-Headshot_small-1.jpg?w=300\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Jessica-Fiur-Headshot_small-1.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Jessica-Fiur-Headshot_small-1.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/03\/Jessica-Fiur-Headshot_small-1.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004401892\" class=\"wp-caption-text\">Jessica Fiur, Editor-in-Chief<\/p><\/div>\n<p>Happy New Year, everyone! A new year means it\u2019s time to move forward with optimism, work on keeping those resolutions for more than two weeks and start laying groundwork for a better and more productive year (like starting to diversify your music playlist now so that your Spotify Wrapped is less embarrassing at the end of the year, because despite the analytics, you\u2019re not <em>actually<\/em> a tween who solely listens to Taylor Swift). And that\u2019s just the thing. Because while there are always surprises (um, once-in-a-lifetime pandemic, anyone?), analyzing the past and looking at trends can help us prepare for the future.<\/p>\n<p>So what will the new year bring for CRE? While there is always the possibility of the unexpected, commercial developers, investors and service providers have a pretty good idea about what we can expect\u2014 namely, market stabilization, a focus on sustainability and greater transaction volume.<\/p>\n<p>Something newish that will be gaining steam in 2023? According to reporting by Jeffrey Steele for \u201cTop 10 CRE Trends for 2023,\u201d start paying attention to <a href=\"https:\/\/obelaward.org\/the-15-minute-city\/\">15-minute cities<\/a>. This term, which was coined by Carlos Moreno, a scientific director &amp; professor at the University of Paris, refers to an urban center where people can get to everything they need with a short walk or bike ride. (So I guess I live in a 15-minute Jersey suburb, because I can drive to any mall or diner in 15 minutes, but that, admittedly, is not as cool.) And convenience isn\u2019t the only benefit: 15-minute cities can boost their local economies, are more inclusive and are inherently greener than traditional cities.<\/p>\n<p>The idea of a 15-minute city \u201chas taken off since the pandemic,\u201d Karin Brandt, founder &amp; CEO of coUrbanize, told Steele. And while during lockdown the appeal was clear, there is a reason these urban areas are still taking off: People want to be closer to services, job opportunities, supplies and more. Many are still working from home, as well. According to <em>Forbes<\/em>, <a href=\"https:\/\/www.forbes.com\/sites\/bryanrobinson\/2022\/02\/01\/remote-work-is-here-to-stay-and-will-increase-into-2023-experts-say\/\">25 percent of all American jobs were remote<\/a> by the end of 2022, and this percentage is projected to increase in 2023. As fewer and fewer people commute to areas with amenities such as restaurants, museums and theaters (and less sexy businesses such as dry cleaners, grocery stores and post offices), having centralized areas for residents becomes even more important.<\/p>\n<p>What else is in store for 2023? Read \u201cTop 10 CRE Trends for 2023\u201d for additional insights. And here\u2019s to a happy and prosperous year!<\/p>\n<p><a href=\"https:\/\/mydigitalpublication.com\/publication\/?i=779045\"><em>Read the January Digest!<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>People are still working from home. Developers and investors should pay attention.<\/p>\n","protected":false},"author":443,"featured_media":1004401892,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1521,21788],"tags":[],"class_list":["post-1004637210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital","category-editors-notes"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CRE and 15-Minute Cities - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cre-and-15-minute-cities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CRE and 15-Minute Cities\" \/>\n<meta property=\"og:description\" content=\"People are still working from home. 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Jessica has been with the company since 2011 and previously was with Weekly Reader and IQPC. Contact Jessica at jessica.fiur@cpe-mhn.com, on Twitter @jfiur or on LinkedIn https:\/\/www.linkedin.com\/in\/jessicafiur\/.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/jessica-fiur\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"CRE and 15-Minute Cities - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/cre-and-15-minute-cities\/","og_locale":"en_US","og_type":"article","og_title":"CRE and 15-Minute Cities","og_description":"People are still working from home. 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