With their growing influence on evolving trends across all industries, millennials have been the focus of several discussions on the future of real estate. The Millennial Generation, aged between 19 and 38, is considered the product of the shifting lifestyles of Gen X and Baby Boomers.
Currently the largest demographic in the world, millennials are technologically savvy individuals who spend towards the latest gadgets, yet prefer to shop at small businesses, support the new sharing economy (Uber, Airbnb, etc.), and are more concerned regarding environmental issues and social responsibility. This changing attitude has brought about dramatic changes in traditional business practices, driving companies to adapt and cater to the next generation of high spenders.
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With their growing influence on evolving trends across all industries, millennials have been the focus of several discussions on the future of real estate. The Millennial Generation, aged between 19 and 38, is considered the product of the shifting lifestyles of Gen X and Baby Boomers.
Currently the largest demographic in the world, millennials are technologically savvy individuals who spend towards the latest gadgets, yet prefer to shop at small businesses, support the new sharing economy (Uber, Airbnb, etc.), and are more concerned regarding environmental issues and social responsibility. This changing attitude has brought about dramatic changes in traditional business practices, driving companies to adapt and cater to the next generation of high spenders.