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Millennials close the gap on baby boomer population in recent years

The percentage of the population has trended towards millennials since 2010. For example, in the Western East/West the baby boomer population was 0.91% larger in 2010, while the millennial population was 1.45% larger in 2016.

We expect millennials to continue gaining ground on baby boomers leading up to the 2020 Census, as they look to start families in the suburbs over the upcoming years.

Will companies making a move downtown anticipate this shift by retaining a presence in the suburbs, or will they look to executive suites and co-working spaces to house their suburban bound employees until the trends are more pronounced?

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