| Follow Us:

Buzz

NY Times ponders "Peak Millennial" in Denver and other cities

The story wondered how much longer cities should focus on recruiting the generation.

Excerpt:

The flow of young professionals into Philadelphia has flattened, according to JLL Research, while apartment rents have started to soften in a number of big cities because of a glut of new construction geared toward urban newcomers who haven't arrived. Apartment rents in San Francisco, Washington, Denver, Miami and New York are moderating or even declining from a year ago, according to Zillow.

"Certainly the softening of rents is one sign that they are not coming in at the pace that people thought they would," said Diane Swonk, an independent economist in Chicago.

The debate is full of contours and caveats, but it really boils down to this: Are large numbers of millennials really so enamored with city living that they will age and raise families inside the urban core, or will many of them, like earlier generations, eventually head to the suburbs in search of bigger homes and better school districts?

Read the rest here.

Read more articles by Eric Peterson.

Eric is a Denver-based tech writer and guidebook wiz. Contact him here.
Signup for Email Alerts
Signup for Email Alerts

Related Content