W.P. Carey School of Business
Your 20-something child, your tech-savvy kid brother and your innovative young boss are all part of a group that is profoundly influencing real estate markets. The so-called millennials, like the baby boomers before them, are causing major shifts. And even though boomer retirement is rippling through the economy, the millennials are poised to drive even more change.
“We have only a surficial understanding about what’s happening with population change or its ultimate impact on real estate, but there is a big shift occurring and that shift is going to continue to change this business,” said Mark Stapp, director of the W. P. Carey Master of Real Estate Development program.
Stapp was moderator of a March 20, 2014 discussion titled “Evolution of the Real Estate Industry.” The discussion is part of a monthly series presented by the W. P. Carey School of Business and the ASU Real Estate Council.
