Price says there are millennial enclaves in dense job centers.
DALLAS—Common wisdom these days says where there's an urban core, there will be millennials and Dallas-Fort Worth is no exception. Its downtown is teeming with millennials, at 51% of the immediate population, or more than 67,000, GlobeSt.com learns.
Millennials are a large and diverse group that cannot be painted with a single brush. In terms of preferred locations, they have shown they are willing to eschew the urban core for the suburbs if the ingredients are right.
“Most people would tell you that millennials are pretty much tethered to urban cores around the country,” said Walter Bialas, JLL director of research in Dallas. “However, Dallas is a good example of why that is not necessarily the case as we see them spreading out to be near the good jobs and the growing job opportunities.”
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
