What do cities like Dallas, Charlotte and Seattle all have in common? They have all gained the attention of a majority of the Millennial population in 24-hour cities such as New York or Los Angeles.
The heated housing market has taken a toll on many young workers unable to afford rising housing prices. Prices have already reached peak levels in primary markets causing real estate investors to shift their focus to secondary markets that are attractive to a growing young workforce. Consequently, investors are taking a closer look at redevelopment and other “value-add” properties.