The “flight to suburb metros” are in such cities as San Francisco, Los Angeles and New York. These areas will attract primarily older Millennials looking to establish households; they will want to stay close to urban centers, preferring areas with short commutes and urban amenities, according to TH Real Estate. This group will potentially give a boost to suburban office properties and well-located lifestyle shopping centers.
“Millennial Magnets” such as Chicago, Salt Lake City, Phoenix, Austin, Orlando, Charlestonand Raleigh will be the preference of younger Millennials, who want to work in the technology sector, and in communities with a lower cost of living compared to other big cities.
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