Location, location, Costco? Inside the new housing trend
USA Today • • business
Key Points:
- The "Costco effect" is influencing real estate decisions, with many Americans prioritizing living within minutes of a Costco warehouse for convenience and lifestyle benefits.
- Online communities and real estate agents report that proximity to Costco is becoming a key selling point, with some buyers even using distance to the store as a major factor in choosing neighborhoods.
- While traditionally important factors like school districts and safety remain crucial, homes near Costco are increasingly marketed as offering a desirable lifestyle amenity.
- The closure of local Costco warehouses, as experienced by Kansas City resident Adam Staley, highlights the challenges for devoted shoppers who rely on close access for frequent visits.
- Developers in some cities, such as Los Angeles, are capitalizing on this trend by constructing residential buildings directly above Costco warehouses to attract buyers seeking convenience.
