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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: Knighty Tin who wrote (40456)	11/2/2005 11:06:33 AM
From: mishedlo	Read Replies (3) of 116555

The $25 trillion land grab money.cnn.com Ten megapolitans are poised for a boom that, by 2030, will dwarf America's post WWII buildout. NEW YORK (Business 2.0) - There has been an impressive amount of construction in the United States over the last three centuries: All told, we've built more than 300 billion square feet of homes, offices, factories and other structures. A treasure map of opportunity But according to new studies from the Brookings Institution and Virginia Tech urban planning professor Robert Lang, we're about to pick up the pace -- it will take just 25 years to erect the next 200 billion square feet, which we'll need to accommodate 70 million more people and to replace homes and offices erased by everything from disasters like Hurricane Katrina to plain old obsolescence. If you think the real estate boom of the past decade was bounteous, peek a little further over the horizon: Researchers estimate that the massive buildout will constitute a $25 trillion development market by 2030, more than twice the size of the U.S. economy today. According to Lang, the bulk of that money will flow into 10 major metro regions that he has christened "megapolitans." Here are exclusive growth forecasts for each of these regions and -- based on interviews with dozens of regional planners, developers and investors -- identified the savviest angles to play in the near and long term. View the top 10 "megapolitans." ..... New growth industries: New York City and Boston will be hotbeds of quantum computing and encryption. Best businesses to start: Sports bars or national fast-food franchises near new residential developments outside Bradenton and Sarasota. Best residential real estate bet: Preconstruction condo units between Venice and Tampa, where demand is so high that builders hold lotteries. ... ... mish

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