Ontrendpreneuers®, developers and city officials will continue to partner to create The Personalized City, where experiences are as central to the quality of life as are conveniences. Technologies such as car-sharing and the emerging Internet of Things support this urban lifestyle that de-emphasizes possessions and highlights freedom, immediacy and connectedness.
The trend — already established and accelerating in Europe and Asia, where micro living and access to nearby community assets are an established lifestyle for millennials — is evolving in the United States.
Millennials are taking the lead in creating digital community networks to ensure services can be easily accessed with a few keystrokes, but developers see opportunities, too. Major US cities are following the lead of London, Tokyo and Barcelona and are developing microapartments as a housing solution for lower-income tenants. And they’re connecting housing to entrepreneurs who have created service networks to accommodate new residents.