Urban Land Institute – Silicon Valley One World

By Sharon Simonson SAN FRANCISCO — The Bay Area’s high housing costs, limited housing diversity and inadequate amenities are reducing life satisfaction for all residents but especially the millennial-generation of young adults whose labors are helping to fuel the technology industry boom. According to a new report from the Urban Land Institute, the disquiet is most acute in Santa Clara County, where residents of all ages are the least satisfied with their current living choices and the least confident of their ability to buy a home or rent an apartment they want. Santa Clara County has the highest concentration of technology companies in the region and the highest proportion of millennials. South Bay residents are also the most likely to feel that they lack desirable, nearby o...

By Sharon Simonson SAN FRANCISCO—Thirty-four-year-old Brian Chesky, the millennial-generation business leader who co-founded Airbnb Inc., articulated neatly an early theme for the Urban Land Institute’s 2015 annual Fall Meeting in San Francisco: The rising public expectation as his generation’s influence supplants the baby boomers’ that urban landscapes be not just spaces, but environments for people to spend memorable time. His rapidly growing home-sharing company wants to offer its travelers more than a room with a view, too, Chief Executive Chesky said. A home or a room—even a current inventory of 60,000 homes in Paris—is still “the limit of Airbnb today.” “What I am really interested in is Airbnb 2.0. I want to continue to shift Airbnb toward experiences. We are redefining...

Tag: Urban Land Institute

ULI: Housing Costs, Poor Amenities Souring Bay Area Residents on Region

Airbnb CEO Brian Chesky: Anyone Can Do It!