It won’t come as a surprise to hear that college-educated professionals between the ages of 25 and 34 are the largest factor in the recent growth of cities. But why so many people this age are flocking to cities is still a bit of a mystery. Up until the year 2000, a vast majority of college-educated people in this age group headed for the suburbs, reports CityLab.
There are plenty of reasons that have been thrown around for why this recent urban migration has happened; new living habits, a hatred of long commutes, delays in starting a family, and a tough homebuying market, but according to Coture and Jessie Handbury of the University of Pennsylvania, the main reason for this urban revival is based on something else; a new fondness for service amenities.
Millennials seem to have developed a taste for living near things like music venues, theaters, bars, and gyms. Young professionals are increasingly apt to live in areas that have a higher density of amenities, meaning this shift from the suburbs to the city is due to a shift in preferences, which, in turn, means this might be a long-lasting phenomenon as opposed to a flash in the pan.
For a full look at the analysis, click the link below.
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