Posted by: phillipsre | September 25, 2014

Seattle’s Top Neighborhoods For Millennials

Gen Y

Photo Credit: MULTIFAMILY EXECUTIVE

If you are between the ages of 18-34 you are part of the Millennial Generation or Generation Y (and likely reading this on your smart phone or tablet). If you are living in the Seattle area, the chances are high that you live in one of the top 12 neighborhoods for Millennials. This article from the Puget Sound Business Journal lists the 12 neighborhoods for Gen Y based on data from a recent Redfin study and the 2010 U.S. Census. Number one on the list is the University District, 82% of the residents in the U-District are Millenials, this is really not too surprising because Gen Y’ers are also college aged students. Other neighborhoods on the list include Ballard and Sunset Hill, Fremont, Phinney Ridge and South Lake Union to name a few. As the article points out, a lot of Millenials are drawn to urban neighborhoods that are close to where they work. Which is why we are seeing more office buildings from Amazon, Microsoft and even Weyerhaeuser moving in to Downtown Seattle and Pioneer Square. It looks like these companies are starting to understand, if they want to attract young, hardworking professionals, they need to have offices in desirable neighborhoods. Additionally, not all these Gen Y folks are buying their homes, they are going where the jobs are, which means they are renting and moving around a lot. Marketing your rental property to this generation is not the same as it was for Generation X or Baby Boomers, its time to get on your device and reach out to these Millenials, if you have Wi-Fi in the building, you are one step closer to sealing the deal!

Advertisements

Responses

  1. […] a brief overview of what to expect from the Seattle housing market for 2015. The overall theme: Millennials will be jumping into the housing market. More people of this generation have saved enough and are […]


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Categories

%d bloggers like this: