Millennials are our future. These young people ages 18-34 will drive the US economy for the next 4 decades. So we need to follow them if we hope to profit from their spending habits.
And you won’t believe the city they are moving to.
The number of people moving to downtown Cleveland is up 32% from 1990 to 2000—the largest population increase of any Midwest city (including Chicago) and far above the regional average (7.7 percent), according to Brookings.
And the pace is picking up, with an all time high of 12,500 moving downtown just last summer, mostly comprised of the coveted Millennials (ages 18-34).
This demographic shift is referred to as the “brain gain,” since there’s been a 139% rise in the number of young residents with bachelor’s degrees.
Why? Downtown Cleveland has experienced a renaissance over the past 5 years, with an estimated 19 billion in development completed or planned since 2010. Occupancy rates are at an astonishing 98% and home sales are up 12% year over year.
The area has the fastest growing healthcare economy in the U.S., with the world renowned Cleveland Clinic, the nation’s first Global Center for Health and Innovation, and a new medical convention center. 10 Fortune 500 companies, 27 area colleges and universities, the world’s largest metropolitan lakefront and three major sport teams all bring billions of dollars to the area every year.
Plus, few people know that Cleveland has the 2nd largest live theater district in the U.S., second only to New York City!
On this show, find out how you can get REAL turn-key rental homes for approximately $80K-$100K, that rent for $1000-$1200/month.
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