April 14, 2017 Comments Off on Where and Why are Millennials Moving? Views: 2036 Connect Classroom

Where and Why are Millennials Moving?

The Mayflower Mover Insights Study lends offers a look at the reasons why millennials are moving and the cities they are favoring. According to the study, with 1,000 respondents between the ages of 18-35, “41% of millennials are vacation movers,” meaning they relocate to a new city knowing that it will be a temporary move. Additionally, 53% of those surveyed said that they intend to make a “vacation move” within the next five years.

So, what are the top reasons why millennials migrate with no intention of settling permanently?

  1. work at a new job – 40%
  2. lifestyle of experience – 30%
  3. find a new job – 26%

Top Destinations for millennials moving are:

  1. San Francisco, CA
  2. Los Angeles, CA
  3. Washington D.C.
  4. Seattle, WA
  5. Chicago, IL
  6. New York, NY
  7. Dallas, TX
  8. Denver, CO
  9. Houston, TX
  10. Atlanta, GA

Learn more about what’s driving people and CRE investment in San Francisco at Connect San Francisco on May 9. 

Read More at Mayflower

For comments, questions or concerns, please contact Daniella Soloway

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