Suburban and urban areas are combining to create a new kind of living style known as the “surban.” Many in the real estate industry are predicting it to be one of the hottest housing trends to watch heading into the new year.
A surban offers greater walkability to retail and restaurants from a home or apartment, but in a suburban area. It’s a blend of both suburbia and city life. Previously, urban planners dubbed these areas “mixed-use.”
The Urban Land Institute estimates that surban areas will draw at least 80 percent of new households and attract the most families over the next decade.
Source: “2018 Real Estate Trends to Watch: ‘Surban’—That Sweet Spot Between City and Suburb,” RISMedia (Dec. 4, 2017)