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Think U.S.: Millennials divided

Melissa Reagen
Head of Research, Americas, Nuveen Real Estate
Top View of Millennials

Our research reveals how millennials are driving real estate trends in tomorrow's world.

We believe affordable mid-sized tech hub cities, select city-centre neighbourhoods and close-in big city suburbs that offer short commutes and urban amenities stand to benefit most as millennials in the U.S. settle into their 20s and 30s.

The report explores the lifestyle choice impact of both younger (aged 19-29) and older (aged 30-36) millennials on the U.S. commercial property market, and outlines a number of cities, real estate sectors and property types that potentially stand to benefit.

Our research indicates that both older and younger millennials will eventually migrate to the suburbs of either the metros they currently live in, or to the suburbs of more affordable metro areas with favourable job growth. However, the impact of these lifestyle choices on U.S. cities will present varying investment opportunities, depending on each community’s job growth prospects, affordability and commercial property landscape.

Issued by Nuveen Real Estate Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. Nuveen Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services.  Nuveen Real Estate is a real estate investment management holding company owned by Teachers Insurance and Annuity Association of America (TIAA). Nuveen Real Estate securities products distributed in North America are advised by UK regulated subsidiaries or Nuveen Alternatives Advisors LLC a registered investment advisor and wholly owned subsidiary of TIAA, and distributed by Nuveen Securities, LLC, member FINRA.