From the Suburbs To The City
“The urban thrive on the city’s side.” That’s what commercial real estate developers are saying in the city of Milwaukee.
From the suburbs to the city, it is very well known that millennials are known as the social generation. Extroverts, interactive and engaging, millennials are the generation of being socially and economically involved.
Millennials like having the world at their fingertips. With the resurrection of cities as the nucleus of economic energy and vitality, millennials are choosing urban over suburban
When it comes to living and residential lifestyles we prefer to live in dense, diverse and urban areas. With everything at our fingertips, we are more open to the opportunity of engaging in morning conversations with the neighbors, or catching the bus and engaging with other socially dynamic individuals as we travel to and from.
77 million strong millennials continue to dominate in the U.S. Jobs and CEO’s are tending more to the needs of millennials, as we are the next generation to be running and managing large corporations and office buildings. In a previous Millennial Magic! article we learned that even the very food we consume is being altered to cater to our likings. Even the residential and commercial real estate industry leaders are noticing the likes and dislikes of our preferred living area.
The “American Dream” to millennials has gone from a white picket fence in the suburbs, pretty green grass, and a house on the hilltop to something much more creative, opportune and diverse. Living in the heart of the city is the “American Dream” of millennials today.
Right here in Milwaukee, two of the biggest construction projects are underway at the exact same time. While some may not know, others have realized that this project will contribute a very large rise in the economical status in Milwaukee.
Scheduled for completion this year, the 32-story office tower located in downtown Milwaukee, will serve as the new headquarters for Northwestern Mutual. Northwestern Mutual is looking forward to the success and growth while at the same time attracting and retaining top talent and new business to Milwaukee. Also scheduled for completion Fall of 2018, the BMO Harris Bradley center will serve as the new home of the NBA’s Milwaukee Bucks.
With these large projects in place, the expectation to help boost the economy is at an all time high. Millennials will be exposed to 1,000 construction related jobs throughout 2017, and approximately 1,900 new jobs to the city.
77 million strong millennials continue to dominate in the U.S. Jobs and CEO’s are tending more to the needs of millennials
While the economy is always the priority of a location, millennials still seem to find way to impact the decisions of important personnel. When asked about the drive of this commercial deal, Stu Wangard, Chairman/CEO and founder of Wangard Properties, Inc., stated:
“We are seeing people continuing to move in from rural areas and smaller towns into the major urban centers,” Wangard said. “That has been accelerating the last couple of years. So more companies want to set up locations in the center of the city. They want to attract the talented people within the Millennial demographic.”
Millennials like having the world at their fingertips. With the resurrection of cities as the nucleus of economic energy and vitality, millennials are choosing urban over suburban. According to Neilsen News Center, 62% of millennials indicate that they prefer to live in mixed-use communities that would normally be found in urban centers.
Social interactive relationships, the opportunity to grow, convenience and a life in the city is the safe haven of millennials. The art, the creativity, the freedom to create and be around people just like that are most important to millennials today. From the suburbs to the city the migration begins, who knows what next big influence millennials will have in the near future.