Winds of Change How Gen Z and Baby Boomers Are Shaping CRE Trends Podcast Series

March 29, 2024

Capright‘s “Winds of Change” series offers a unique and insightful perspective on the evolving face of US commercial real estate.  Representing two vastly different generations, Isabella Mendoza of Gen Z and her Baby Boomer colleague, Steve Williams, delve into how their contrasting generational lifestyles are driving change across all sectors.

For Gen Z, influenced by factors like remote work and the prohibitive cost of home ownership, freedom and flexibility are paramount.  As they seek greater affordability and a higher quality of life, secondary markets are becoming increasingly attractive.  On the other end of the spectrum, Baby Boomers find themselves at a different crossroad. With a lifetime of accumulated possessions, many are now looking to downsize, a departure from the materialism that defined previous generations.

Isabella’s and Steve’s invaluable insights into these shifting preferences help us understand how generational trends are shaping the future of commercial real estate.

The inaugural episode of our “Winds of Change” series explored the Gen Z migration from urban hubs to secondary markets. But the conversation doesn’t end there. In the upcoming episodes, Isabella and Steve will delve deeper into the impact of cross-generational lifestyles on self-storage, housing, retail, office space, travel and leisure, entertainment, and food and beverage.

Whether it’s the demand for flexible workspaces, the rise of experiential retail, or the reimagining of leisure and entertainment options, the influence of Gen Z and Baby Boomers, together more that 40% of the US population, reverberates across the #CRE landscape.