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Are Tech Startups Shaping Real Estate Markets? (Part II)
This series of blog posts explores the idea that the tech industry is reshaping and redefining real estate markets. This is the second post in that series. (Make sure to share your thoughts in the comments section below.)
 
The world’s gone Micro.
Microchips. Microschools. Microservices. Micromanufacturing. (In the post “Trying to Stay Competitive? Do You Maximize, Minimize, or Do Both?” you can read about how micro-living is gaining momentum.)
And in real estate, we have Micropolitan: cities with small concentrations of population.
A micropolitan area is defined as a city with one or more population clusters. One of those clusters must have a population of at least 10,000 residents. But to remain categorized as micropolitan, a population cluster cannot exceed 50,000 people.
According to the most recent statistics from the Census Bureau (reporting changes from 2016-2017), growth in micropolitan areas has steadily been increasing over the last several years. It seems smaller urban clusters and suburbs are attracting new residents.
So, what does this have to do with the tech industry? Let's find out.
A Micro-Review
There are multiple factors turning the tech industry into a driving force behind changes in all types of markets. In Part 1 of this series, we discussed how the tech industry is impacting ... more

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