Dowell Myers, a professor of demography and urban planning at the University of Southern California, recently published a paper that noted American cities reached “peak millennial” in 2015. Over the next few years, he predicts, the growth in demand for urban living is likely to stall…
The debate is full of contours and caveats, but it really boils down to this: Are large numbers of millennials really so enamored with city living that they will age and raise families inside the urban core, or will many of them, like earlier generations, eventually head to the suburbs in search of bigger homes and better school districts?
Their choices — and it will be at least a few years before a definitive direction is clear — will have an impact on city budgets and gentrification fights. It could change the streetscape itself as businesses shift. It will affect billions of dollars’ worth of new apartments built on the premise that the flood of young people into cities would continue unabated.
It could also have a big impact on the American landscape more generally. For the past half-century, the trend toward suburbanization has continued with no real opposition. Even in the 1990s and 2000s, when urban areas were starting to turn around, subdivisions continued to expand. Have millennials ended that trend?…
Stay tuned. A few quick thoughts:
- One underlying issue here is the idea that cities need to keep growing in population in order to be vibrant or relevant. Can all American cities grow at significant rates? Should they?
- As noted in this article, the pull of suburbs is still strong. Any reversal from suburbs to cities is likely to happen over decades, not within a short span or a single generation.
- If cities are affected by a small generation after millennials as well as a declining rate of millennials staying in cities, who will they try to attract next? The article also notes that immigration levels have stabilized. Will there be a new plan from mayors and other urban leaders to bring in more residents?