Millennials have flooded the downtown housing stock in Kansas City in recent years, but that trend may have reached its expiration point - at least for the millennial generation. Millennials are now moving away from their entry-level jobs and entry-level housing options, according to new research from the University of South Carolina, which is warning the real estate market to brace for a major migration.
While millennials may be flipping traditional working models upside down, each generation has a unique perspective on individual leadership, communication, problem solving and decision-making. Design Build Institute of America-Mid America Region recently held a multi-generational panel to discuss the different issues, challenges and opportunities that this diverse workforce provides.
With favorable to excellent conditions in the commercial real estate market today, opportunity abounds across various markets and sectors. But experts insist that the current cycle is nearing its peak within the next three years. For that reason, the savviest investors are still playing defensively, and are looking to make wise investments by focusing on “smart, data-driven projects that address the profound changes happening in cities.”