ULI Boston/New England’s October 2015 “What Millennials Want” survey was conducted by The MassINC Polling Group to better understand the housing and transportation preferences of this controversial demographic.
Since the end of the “Great Recession” the Millennial Generation – defined here as those between the ages of 20 and 37 – has had a major impact on the American economy and culture. The survey uncovered several trends: public transportation takes precedence in determining workplace satisfaction, ranking much higher in importance than access to neighborhood amenities like restaurants and office amenities, like gyms, cafeterias and employee lounges.
Millennials feel similarly about where they live, with 80% of respondents ranking “access to public transport” as very important, compared to others amenities such as shopping (63%), crime/ safety (57%), and availability of on-street parking (25%). This tech-savvy group also has the desire to eventually own their own homes, even though most currently rent. Unlike popular characterizations of Millennials as uninterested in leaving the urban core, suburbia will likely still be a draw to the cohort as they begin to start families, albeit later than previous generations.