One of our architects, Keith E. Moore, recently wrote an article that was published by Mile High CRE on millennial housing trends:
“As the nation’s largest living generation, millennials stand to make quite an impact on the future of the multifamily commercial real estate market. Already at 76 million, their numbers are expected to peak in 2036 at 82.1 million, surpassing the baby boomers’ by nearly 3 million, according to the U.S. Census Bureau’s latest reports released in April 2016. Another report by the Case Foundation survey of more than 75,000 millennials, finds that the millennial generation will be the most prolific generation to inhabit our country.
By 2022, not only will millennials be the driving force behind the new economy, they will also be controlling most of the economic growth factors in Colorado that will impact the multifamily markets.”