Investing in a rental nation: The millennial impact on real estate
Millennials are the largest generation the United States has ever seen. Numbering just over 83 million in 2015 by the U.S. Census Bureau, they represent more than a quarter of the nation’s population. With their spending power, they’re changing the way America does business.
Millennials want to live in dense, downtown areas in 24-hour cities (or at least, 18-hour cities). How is this rising generation affecting residential real estate? A panel of specialists discusses the room for rental growth in gateway cities, the rise institutional ownership of single-family homes, and developments in close-in suburbs.
In this Privcap video series, Michael Schwartz, a principal at RSM US LLP, Peter Ciganik of GTIS Partners, and Andrew Jacobs of Metropolitan Real Estate discuss how millennials are transforming the urban real estate market.
The hospitality sector is going to extraordinary lengths to target and attract millennials, but will those efforts succeed in the long term?