The New York Times is reporting that Millennials-those born between the early 1980’s and late 1990’s or early 2000’s-may have reached the “peak” of inflow into cities, and that outflow of mid-30’s couples to the suburbs has commenced. This may be the biggest outflow to the suburbs since the Great Recession of 2007.
“Dowell Myers, a professor of demography and urban planning at the University of Southern California, recently published a paper that noted American cities reached “peak millennial” in 2015. Over the next few years, he predicts, the growth in demand for urban living is likely to stall…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?”
With the two factors of people getting older and having less tolerance for low paying jobs and small urban apartments there may be a trend back to the suburbs. Downtowns do have walkability and a high concentration of people under 25 years of age.