The Rise of Mid-Size U.S. Cities: The Industrial Development Boom
Wednesday, November 08, 2023
Amidst a time of transformation characterized by changing preferences and economic shifts, numerous major urban centers have witnessed a downturn in economic activity in recent years. During this same time period, many of their mid-size counterparts have flourished. While the rise of these mid-size cities has been under way for some time, the unprecedented changes brought about by the pandemic accelerated their growth trajectory — with notable migration of both companies and new residents.Defined by a regional Metropolitan Statistical Area (MSA) population spanning from 500,000 to 1,000,000 residents, there are 59 mid-size cities across the United States. About half of...