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Three-quarters of millennials are willing to jettison their original homebuying budgets.
Millennials are having a harder time adapting to a decrease in mobility.
Breen noticed a new wave of young professionals going into the real estate field directly out of college.
"Technology is expanding and our competitors are looking at it in different ways," said Murray.
“A lot of the smaller dealers are starting to get worried about it,” said Haddad regarding Carvana.
Hudson Hill Partners, a White Plains-based real estate investment management firm, has built up its portfolio to 10 Westchester properties with the acquisition of five...
The developments are The Reed located at 115 N. Broadway and The Dylan located at 42 Waller Ave.
From a financial perspective, with interest rates as low as they are, many millennials see it as a better investment to buy a house that is already renovated.
"When we try to teach the young people what their careers could be, we don’t think of mortgage sales as a career," said Floyd.
All of the repurposing and demolition of functionally obsolete office buildings is accomplishing the desired goals: less vacant space and a more balanced market.
Angie Kim of Purchase College defined Millennials as "change agents and the ones who are really paving the way for a better future."
"When you look at the growth areas in Fairfield County, it’s all happening in Stamford," said Cavanagh.
Caruso discusses the commercial real estate market in Fairfield County, both on its own terms and in comparison with Westchester.
As the corporate race for millennial and Gen Z talent continues, buildings near train lines and transportation hubs stand to gain the most from the potential uptick in commercial real estate activity.
“I’ve been working in this neighborhood since 1990,” said Beinfield in an interview at the 1 Marshall St. office for his Beinfield Architecture PC.
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