San Diego has a high population of young people, many of which are migrating to the Southern California submarket. According to a recent report from Cushman & Wakefield, residents under 39 years old account for more than half of the total population.
"Generation Z, ages 0-24, and millennials, ages 25-39, combined account for 56% of the total population countywide, with generation Z accounting for 32% and Millennials accounting for 24% of 3.4 million residents," Jolanta Campion, director of research in San Diego at Cushman & Wakefield, tells GlobeSt.com. "Nationwide, generation Z represents 32%–the same proportion as in San Diego, and Millennials represent 21%—slightly lower compared to 24% in San Diego—which means 52% of the total population of 328.2 million in the U.S. is 39 years old or younger."
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