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CITIES ABANDONED: The Rise of the Periphery

May 28, 2025 By Richard C. Young

By TPS Studio @ Adobe Stock

In The Spectator, Joel Kotkin discusses the decline of cities and their constant reinvention. He writes:

Suburban, and particularly exurban, metropolitan growth has accelerated in recent years. From 2010 to 2017, 91 percent of employment growth among major metropolitan areas was outside central business districts. The 50 highest-growth counties in the US, almost all suburban or exurban, had an employment increase of more than 2.5 times that of the others in 2019.

These changes are generally greeted with horror by our cultural, academic and media elites. But if some analysts still predict a return to urban growth and greater office occupancy, even devoted friends of urban density admit that the urban future will be increasingly shaped by sprawl.

The drivers here are demographic shifts and technological improvements. With the development of instantaneous communication, notes a report from Brown University, neither the size nor density of a city makes it more productive. Indeed, almost all the leading tech centers in the country are primarily suburban in nature.

The rise of remote or hybrid work is accelerating this shift. According to a study by the University of Chicago, in high-end business services and technology, a third of the workforce can function remotely – as can employees in roughly 50 percent of jobs generated by Silicon Valley.

Demographics provide the most compelling evidence of peripheral ascendancy, which can be seen in the movement of educated young people, particularly as they hit their thirties, away from places such as New York, Los Angeles and San Francisco. Even before the pandemic, two-thirds of millennials favored the suburbs. The same thing is happening in other countries. Rather than signaling decay, the growth of suburban and exurban communities represents the cutting edge of 21st-century urbanism. These areas are becoming cities of a new sort, serving as domiciles but also places of employment, shopping and the arts.

This process is in its infancy. New exurban areas are being planned, notably by Elon Musk in Texas and Bill Gates in Arizona. Rather than an abandonment of the city, this is a continuing reinvention of it.

The rise of suburban and exurban living reflects a desire for safer, cleaner and less congested environments, and core cities will only be revitalized if they address the quality of life they provide. Donald Trump’s return has been greeted by many urban leaders with about as much enthusiasm as a reprise of the bubonic plague. But a second Trump presidency could also force mostly Democratic municipal leaders to address challenges on their own.

Read more here.

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Richard C. Young
Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
Richard C. Young
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