What’s the Long Term CRE Outlook
Millennials Aging Into Prime Spending Years
- Americans aged 35-54 spend the most money of any age groups
- This population segment is expected to grow by 5 million people in the next 10-years
The Great Wealth Transfer Could Bolster The Economy
- The baby-boomer generation is the wealthiest in U.S. history, will transfer an estimated $70T-$90T to the younger generations over the next 20 years
- This wealth will give millennials and younger Americans even more spending power moving forward
Investors Should “Skate To Where The Puck Will Be”
- Many investors are focused on current headwinds, but its important to make decisions based on long-term expectations
- CRE properties will benefit from heightened consumption, so now could be a great time to get ahead of the trend
As of 2022
Sources: Marcus & Millichap Research Services, BLS
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