Where the Brains Are

My good friend and amazing real estate broker, Bryan Ford, (thanks for landing us our new studio space, Bryan!) passed along this great piece from the October 2006 issue of Atlantic Monthly which outlines how America’s cultural elite are clustering in a few cities–and leaving the rest behind. You might guess the cities: San Francisco, Los Angeles, Seattle, Boston, Denver, Manhattan (and surrounds), Silcon Valley, Austin, and the North Carolina Research Triangle (Raleigh, Durham, and Chapel Hill). Thank god Seattle made it into the mix, or of course I wouldn’t be writing about this…

“Many of these city-regions may well be in the midst of housing bubbles today, but that shouldn’t distract us from a larger truth. In the long run, the price of real estate is the best available indicator of the “effective demand” for a particular place, and these places have been pulling away from the pack for decades. Superstar cities are, by their nature, exclusionary, and there is good reason to believe they will become more so in the future.”

Article by Richard Florida. Download the PDF here.

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