Millennial impact on real estate
Apr 27, 2016
Posted by Paula C. Squires on Richmond Business on 4/27/2016
By the year 2025, America will primarily be a cashless society that has shifted to rental housing. The government will levy taxes and fines on buildings not classified as “green,” and Amazon will control 15 to 20 percent of grocery sales through an efficient delivery system.
These predictions represent some of the ways millennials, a huge population cohort, will impact commercial real estate. At least that’s the opinion of Christopher Lee, the keynote speaker Tuesday at the 7th annual Commercial Real Estate Forum sponsored by Commonwealth Commercial Partners and Lingerfelt Commonwealth Partners at the Westin Richmond Hotel.
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