Millennials have had an incredible impact on the real estate market this cycle. The massive demographic group, which has come of age during the Great Recession, has triggered the rise of creative office design, mixed-use development, experiential retail and online shopping. They have touched every asset class in a new way and driven growth across them all. Still, there is more to come. The latest segment of the millennial generation is now graduating college and entering the workforce, but this younger group has a much different experience and perspective than its millennial predecessors.

“The younger millennials really grew up in a different era,” Matthew Mejia, senior manager at RSM, tells “They are entering the workforce post recession and when the conflict in the Middle East appears to be dying down. As a result, they have a different perspective on life. I think a lot of the millennials that lived through the recession remember 9-11, and they grew up during the major conflict in the Middle East. This new group coming out of college has a lot of the same attributes in terms of technology and the virtual world but with the benefit of living in a post-recession environment.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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