ULI Washington conducted a 2015 Millennial Study to find out the influence that the Millennial generation is having on the underlying fundamental values in Washington and our close-in suburbs. While it is difficult to predict whether their presence will truly shift our ways of living, working, and collaborating, this survey sought to examine how the generation might influence trends in housing, entertainment, retail and transportation because of their entrepreneurial spirit and the rise of the sharing economy. There is also interest in how their needs will change as they grow older and form families. The 2015 survey served as a baseline for surveys to track trends over time, especially as more Millennials marry and have children. The survey also provided information for public officials and the real estate industry as they create policies and products to respond to the needs of this cohort.
Three years have passed since the first report and we are conducting the study again to see how the baseline information has changed over time. In 2015, there were over 1,300 survey respondents and we are hoping for a similar sample size this year. The survey screens potential respondents to be sure they are in the desired survey cohort who are under 35 living within specific zip codes within the Beltway.
Please take a few minutes to complete the survey by clicking on this link. The survey should take less than 10 minutes to complete and will be open for at least the next two weeks. A report on the results will be published in the Fall.