NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT MANAGERS
46
The competition to satisfy the housing preferences
of a generation of trend-altering, social media motivated,
over-spending, student debt smothered 20-and 30-somethings appears
to be coming to an end. Though countless projects are still reaching further
upwards toward the sky – searching for those prospective tenants that are rumored
to be flooding our inner cities in search of a walkable, amenity filled lifestyle – there
are whispers that leases are not being signed as fast as investors expected.
Apartments are filling up, but these millennials are not consuming
units as fast as many experts anticipated.
Through
the
Eyes
of a
Millennial
Anticipating Millennial
Housing Preferences
Grant Hromas, NAREIM Fellow, DePaul University Graduate Student
