Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Downtown Miami

MIAMI—Aging Millennials will move back to the suburbs, reversing the previous tide of urban living and working. So says David Rabin, managing director of Private Real Estate at CenterSquare Investment Management.

“This is an interesting shift in suburban demographics that will increase demand for suburban multifamily, which will outperform the high-end urban multifamily market, where rents have peaked due to excess supply and affordability challenges,” Rabin tells GlobeSt.com. “Well-located and properly amenitized suburban office will be another beneficiary as Millennials seek an urbanesque environment in the suburbs.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Jennifer LeClaire


GlobeSt. Multifamily Spring 2022 (Formerly APTS)Event

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.