While there is certainly no shortage of Millennials living in urban areas, suburbs are starting to see their fair share as well.
Take the case of Concord Park at Rusett, a high-end community in Laurel. Millennials whose finances can support higher rents are attracted to the killer amenities that the community offers, GlobeSt reports. The property just traded for $79.2M to PRP/AREA, undoubtedly helped by the heavy interest from the highly sought-after Millennial demographic.
The huge number of Millennials in the area will eventually be looking to put their roots down a little further away from the city. A transition to high-end suburban living could be the first step in that process. [GS]
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