The Future of Real Estate

“The Future of Home” design seminar took place last week in NYC. It was a great experience. One of the most interesting talks was given by Zillow and Curbed entitled “The Future of Real Estate”. They had plenty to say about millennials. Here are my three takeaways.

1. More people under the age of 34 continue to live at home with their parents.
2. Married couples are taking in roommates to help with finances.
3. Most fascinating to me, co-living (aka communal living where tenants share kitchens and living rooms) is on the rise. To meet this trend, companies located in major east and west coast cities are offering move-in ready, fully furnished, wifi and even cleaning crews.

So what does this mean for the future of home design? To me, this reinforces the fact that multigenerational homes will only continue to rise. These are homes that need to be designed to adapt to all generations.

Next week I’ll follow up with how “the Silver Tsumani” – boomers – are effecting the future of real estate. Stay tuned!