Albany,Buffalo,Rochester, Syracuse - Best suited for the future. (New York: apartments, condos) - City-Data Forum

crystalblue · 07-22-2011, 07:54 PM

Which of these 4 areas (Metro) do you think will prosper over the next few decades? All equally? Some more than others?

What do you see as each areas strength/weakness?

ss20ts · 07-25-2011, 09:28 AM

Depends on your definition of prosper. Right now, you'd be hard pressed to find many areas that are expected to prosper within the next 5 years due to the state of the economy. Sure wish this would hurry up and end! Personally, I think the big boom areas that have been hit pretty hard by this won't rebound and go back to the craziness they were - Atlanta, Raleigh/Durham, Charlotte, Vegas, etc. Some areas will do better than others, but that's true not matter what's happening in the world.

According to many magazines and their studies/surveys all of the cities you listed are in the most inexpensive areas for houses across the country with stable prices - compared to the rest of the country. At some point, that should really mean something. Who wants to live where the value of your home keeps dropping for 10 years and it becomes worthless?

None of those cities had the economic boom that places like Atlanta had so they had a lot less to lose. Once Buffalo gets that water development project underway and completed, I can see that helping them tremendously. I know the plan was worked on for over 10 years and Bass Pro Shops pulled out after 10 years. Time to get building and stop talking!

With Albany being the state capitol, it will always have something the rest of the state doesn't. Albany's economy doesn't just run on the state government. There's at least 13 colleges/universities in the area and the medical field is huge.

Syracuse and Rochester also have great things going for them. With both having the proximity to the Finger Lakes, there's so much agriculture and local small business ventures to be had. Both also have amazing colleges. Syracuse has been doing a lot in the way of revitalizing - tearing down old, crappy, worn down, falling apart buildings and putting up new hotels, shopping centers, and apartments/condos/townhomes/houses.

colton821 · 07-25-2011, 03:16 PM

Albany has a built in advantage.

But I think Rochester is the best of the lot other than that. With all the downsizing of Kodak and Xerox Rochester has shown a great ability to replace many of those jobs.

Roland 544 · 07-26-2011, 03:33 PM

With Albany being the state capitol, it will always have something the rest of the state doesn't. Albany's economy doesn't just run on the state government. There's at least 13 colleges/universities in the area and the medical field is huge.

The above statement sums it up, long term the Cap District has so much more going then all other City's mentioned.

colton821 · 07-26-2011, 05:40 PM

So much more? Not really.

ss20ts · 07-26-2011, 05:49 PM

Does Tech Valley go west out of Albany at all? I know there are several companies in Albany and the chip plant going in up in Malta, but I was wondering if it has trickled west at all.

ckhthankgod · 07-26-2011, 09:03 PM

No, but there's the Creative Core: New York's Creative Core - Home

This website is great for highlighting Upstate NY regions: Central New York Jobs

Just click on a region, then click where it says check out the lifestyle of the region you want.

Roland 544 · 07-27-2011, 09:10 AM

Quote:

Originally Posted by ss20ts

Does Tech Valley go west out of Albany at all? I know there are several companies in Albany and the chip plant going in up in Malta, but I was wondering if it has trickled west at all.

Nothing trickles West, most businesses have left Western NY, thats a shame really. NY is a big place once you pass Glens Falls on 87 (North)you can drive 2 hours , nothing till Plattsburg. NY is like a Corridor up to Glens Falls, nothing beyond that North or East, West got some Towns like Utica, Binghampton, Syracuse, slim pickings Upstate.

ss20ts · 07-27-2011, 09:15 AM

Quote:

Originally Posted by ckhthankgod

No, but there's the Creative Core: New York's Creative Core - Home

This website is great for highlighting Upstate NY regions: Central New York Jobs

Just click on a region, then click where it says check out the lifestyle of the region you want.

Great! Thanks so much!

ss20ts · 07-27-2011, 09:20 AM

Quote:

Originally Posted by Roland 544

Nothing trickles West, most businesses have left Western NY, thats a shame really. NY is a big place once you pass Glens Falls on 87 (North)you can drive 2 hours , nothing till Plattsburg. NY is like a Corridor up to Glens Falls, nothing beyond that North or East, West got some Towns like Utica, Binghampton, Syracuse, slim pickings Upstate.

It really is a shame that things don't trickle west. Syracuse, Rochester, and Buffalo all have amazing universities so they have educated people. Sadly, a lot leave. Even Utica has SUNYIT and I just don't understand why Utica is in the state that it's in. I fully understand the high taxes and high cost of living in NY and it's not super business friendly, but it's such a shame. The state has so much to offer. The politicians seriously need to get their heads out their rear ends and fix the state.

I do have to say I really miss the areas of NY where it's nothingness. Northern nothingness is soooooo very different from Southern nothingness. We relocated last year and am already counting down the days till we move back home!