Summary

Clyde Wilson interviews Dale Denda from Market Parking Research Company. Their discussion delves into large-scale infrastructure development, the effects of COVID-19 on various markets, and the growing demand for downtown urban residential spaces. It covers the adaptive reuse of office spaces and demographic shifts driving residential demand. The conversation also addresses the changing dynamics of downtown mobility, highlighting the rise of non-car dependent populations and the need for car-free and pedestrian zones. It examines the shift from urban to suburban living, challenges in downtown residential growth, and the importance of amenities in urban areas. The talk concludes with insights into demographic trends impacting the construction market and the revitalization of downtown areas, with Detroit as an example.

Takeaways

Infrastructure development is showing signs of recovery after the impact of COVID-19.

The downtown office market has been heavily impacted and is experiencing a longer-term decline.

There is a demand for downtown urban residential spaces, driven by a new generation of household creation.

Adaptive reuse of old office buildings for residential purposes is a potential solution, but cost concerns may slow down the process.

Downtown mobility has changed over the years, with a growing population and a shift towards non-car dependent lifestyles.

Population growth has led to a larger base of non-car dependent individuals, although they still represent a small percentage of the overall population.

Car-free zones and pedestrian-dominated areas are becoming more prevalent, but car dependency is still a reality in many cities.

The transition from compact urban living to suburban areas often leads to increased car dependency.

The construction market has been dominated by residential projects, driven by the rising demographic.

Chapters

00:00 Infrastructure Development on a Bigger Scale

01:00 Impacted Markets and Recovery

03:28 Renovation of Old Office Buildings

05:06 Demand for Urban Residential

07:04 Support Structures for Residential

08:02 Urban Setting and Residential Market

09:01 Demand for Downtown Urban Residential

09:59 Demographic Shift and Household Creation

11:24 Adaptive Reuse of Office Space

12:50 Changes in Urban Environment

13:19 Population Growth and Mobility

15:32 Downtown Mobility in the Past

16:34 Downtown Mobility in the Present

18:38 Change in Mobility with Population Growth

19:48 Car-Free Zones and Pedestrian Dominated Areas

20:45 Vehicle Miles Total and Car Dependency

21:35 Compact Transition Lifestyle and Car Dependency

22:33 Transitioning to Suburbs and Car Dependency

22:59 Impact of Downtown Residential Growth

23:56 Need for Amenities in Urban Residential Areas

24:55 Fluidity of the Current Situation

26:11 Rising Demographic and Construction Market

27:55 Vibrancy in Downtown Areas

28:43 Renewal and Changes in Detroit