Are millennials abandoning the suburbs, or just the suburban lifestyle?

  • There are 75.4 million millennials compared to 74.9 million baby boomers across the U.S, according to U.S. Census data.
  • When millennials can’t afford the urban core, they opt for areas nearby with solid opportunities and accessible public transit.
  • Once overlooked, Downtown Los Angeles has undergone a transformation due to heightened demand for the urban lifestyle.

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Millennials (adults between 18 and 36 years old) are now the nation’s largest generation next to baby boomers. There are 75.4 million millennials compared to 74.9 million baby boomers across the country, according to U.S. Census population estimates reported in a recent Avison Young urbanization report.