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How Sustainable is Millennial CBD Growth?

NEW YORK CITY—At some point Millennials will age (we did, didn't we?). What happens to rental markets and live/work/play then? It's not so cut-and-dried, the experts tell us.

By John Salustri | johnsalustri | Updated on February 01, 2016

Brian Sykes: “Millennials are a lot slower in homeownership,” says Brian Sykes, the Boston-based SVP of Capital One.

NEW YORK CITY—It’s going to happen at some point, the Millennial generation will eventually want families and settle down, presumably renouncing their live/work/play lifestyles for houses they own with picket fences and mortgages. What then of the CBD revitalization they’re so often credited as driving? For that matter, is the assumption of homeownership even accurate? The short answer is that there is no short answer. Experts we talked with say there’s more at play here than graying hair and the ability to afford a house.

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