What Does Generation Y Want? Walkability and City Life
✉️ Want to forward this article? Click here.
The findings of a recent study about Generation Y support what people have been saying for years: members of the group want to live in walkable neighborhoods (76 percent), in medium-to-large cities (40 percent), and close to shopping and dining options and their workplaces (62 percent).
The results came from an Urban Land Institute (ULI) report, “America in 2013“, that surveyed Americans across several generations and demographic groups.
54 percent of Generation Yers — a loosely applied label to people who were born between 1980 and 1990 — are also renters, which means many experts are watching them carefully as their next move could shape urban growth patterns. “On the whole, the survey suggests that demand will continue to rise for infill residential development that is less car-dependent, while demand could wane for isolated development in outlying suburb,” stated ULI.
In contrast to Gen Y, many members of Generation X (born between 1966 and 1978) favor single-family suburban neighborhoods, and don’t mind commuting by car (though most — 54 percent — would appreciate a shorter commute).
Overall, 61 percent of respondents stated that they would prefer a smaller home with a shorter commute over a larger home with a longer commute, and 53 percent want to live close to shopping options.
See other articles related to: generation y, urban land institute
This article originally published at https://dc.urbanturf.com/articles/blog/what_does_generation_y_want_walkability_and_city_life/7074.
Most Popular... This Week • Last 30 Days • Ever
As the year draws to a close, homeowners have the opportunity to maximize their tax b... read »
Plans for the large new residential project are looking to get started again after mo... read »
The Wall Street Journal is reporting that Jeff Skoll has purchased two homes on nine ... read »
Some interesting residential plans are on the boards for the church at 16th Street an... read »
The Sidney features 48 beautifully designed condos, and is one of DC’s only large c... read »
- What Homeowners Should Do Before The End of the Year
- Plans Filed For 230-Unit Development At Brookland Metro Station
- EBay's First President Buys McLean Homes For $17 Million
- A Nine-Story Condo Building Floated For 16th Street Church Property
- A First Look At The Sidney: 48 Condos Debuting Soon Near Union Market
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro