Business Leaders Want Walkable Downtowns

Hundreds of American companies see unique competitive advantages to being located in a walkable downtown neighborhood. These locations are helping companies attract and retain talented workers, build their brand and corporate identity, support creative collaboration, be closer to partners, consolidate operations, and support triple-bottom line business outcomes.

Core Values: Why American Companies are Moving Downtown is a new report from Smart Growth America in partnership with Cushman & Wakefield and the George Washington University School of Business’ Center for Real Estate and Urban Analysis. The report surveys nearly 500 companies that have moved to or expanded in walkable downtowns over the past five years, as well as interviews with 45 senior-level staff at those companies. The report sheds light on why these companies chose a walkable downtown and what they looked for when making their decision.

“These companies chose a walkable downtown location to help them better compete for talent and resources,” said Geoff Anderson, President and CEO of Smart Growth America. “That tells us two things. First, that creating these kinds of places is a crucial economic development strategy for cities. And second, that companies which haven’t considered a walkable location may be at risk of falling behind.”

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