WASHINGTON, DC–Last month Newmark Knight Frank's SeniorManaging Director of Market Research Greg Leisch reportedthat millennials were leaving Washington DC. Now, newresearch from JLL suggests that at some of thisdemographic may not move that far from the city. There are hotspotsfor highly educated millennials in unlikely areas such as Route 28South and eastern Loudoun County in Northern Virginia, according toa JLL analysis of statistically significant clusters of high andlow concentrations of millennials with a bachelor's degree orhigher throughout the DC metro region.
To be sure, there is a specific cohort of this generation thatis migrating, according to JLL: The older millennial — age 29-34 —foreign-born population.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
