Thursday, October 1, 2009

Wall Street Journal: Portland 4th Top Youth Magnet City

Renters ahead! Need more reasons to feel good about apartment investing? More young people aged 18-29 (mostly renters) continue to move to the Portland area, as evidenced by a story in today's Wall Street Journal. Youth magnet cities gain a cultural allure and labor market edge.
"A 'symbol of west coast hipness,' Portland has continued to draw migrants throughout the recession." Wall Street Journal.
Portland is cited for its "staying power" among youth, a haven for artists, musicians and outdoor enthusiasts.

The paper consulted six experts consulted about what 10 cities will emerge as the hottest, hippest destinations for highly mobile, educated workers in their 20s when the economy gets moving again - here are their picks based on a range of things from economic diversity to lifestyle.
  1. Washington DC
  2. Seattle
  3. New York
  4. Portland
  5. Austin
  6. San Jose
  7. Denver
  8. Raleigh-Durham
  9. Dallas
  10. Chicago + Boston
"Where young adults settle is no small thing. People 18 to 29 are the most mobile age group, and their past migration patterns have defined the future of regions, from the long rural exodus of the 1900s to the Silicon Valley boom of the 1990s. Youth-magnet cities gain an enviable cultural allure and a labor-market edge."

Read the full story online > > >