Industry News

The rise of the 15-minute neighborhood

Photo by Sam Battaglieri on Unsplash

REALTOR Magazine | Catherine Mesick

Imagine a city comprised of neighborhoods in which shops, schools, jobs, and other businesses and services could be found within a 15-minute walk, bike ride, or transit ride from residents’ homes. This was the vision shared by speakers on Tuesday at the National Association of REALTORS®’ Urban Roundtable discussion, “The Rise of the 15-minute Neighborhood.” The panel of community development and planning experts offered advice on how such communities could be created and explored the potential benefits the 15-minute neighborhood could offer, such as improved local economics, an increase in racial equity, and the opportunity for seniors to age in place. The roundtable was offered as part of NAR’s REALTORS® Legislative Meetings.

One major goal of the 15-minute neighborhood, said Calvin Gladney, CEO of Smart Growth America in Washington, D.C., is to give people back their time, so they don’t have to spend hours every week commuting to jobs and driving around to get their daily tasks done. The 15-minute neighborhood, he stated, can also promote health, give greater access to green space, and provide improved options for economic mobility.

Read more here: Perks of ‘15-minute Neighborhoods’

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