Overall, the value of American land is strikingly high. But it's the differences between and within cities that concern Florida.
In CityLab, Richard Florida unpacks a study finding that the total value of urban land in the United States is over $25 trillion—"more than double the nation's total economic output or GDP in 2006." And nearly half that value is concentrated in just five major metropolitan areas: New York, Los Angeles, San Francisco, D.C., and Chicago.
As Florida notes, central land is more valuable than "average" land within a city—a gap that is significantly wider in the top five cities. In other words, "central land tends to grow more valuable in larger metros," perhaps because "the high price of central urban land is a byproduct of the clustering of economic activity that defines the urban revival."
There's more detail at CityLab. The bottom line, for Florida, is that "the study confirms something that is becoming increasingly obvious: Economic inequality is bad, but spatial inequality is even worse."
FULL STORY: The Staggering Value of Urban Land
'The New Urban Crisis' and the High Line
A PBS NewsHour two-fer: an interview of urbanologist Richard Florida conducted in a walking tour of New York's famed High Line in the gentrifying West Chelsea neighborhood, a fitting backdrop for his new book, "The New Urban Crisis."
An Uncertain Future: America's Urban Middle Class
In the election's wake, Richard Florida compiles some telling statistics on the nation's threatened middle class. It's on the decline, yes, but it's also becoming more segregated into certain cities, often in the Sunbelt and Rust Belt.
DC’s Hottest Neighborhoods Have the Least Shade
Areas most exposed to extreme heat also tend to lack bus shelters and benches at bus stops.
Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
National Parks Layoffs Will Cause Communities to Lose Billions
Thousands of essential park workers were laid off this week, just before the busy spring break season.
Retro-silient?: America’s First “Eco-burb,” The Woodlands Turns 50
A master-planned community north of Houston offers lessons on green infrastructure and resilient design, but falls short of its founder’s lofty affordability and walkability goals.
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Analysis: Cybertruck Fatality Rate Far Exceeds That of Ford Pinto
The Tesla Cybertruck was recalled seven times last year.
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