204719 Resource 160154 161269 161269 1211465999627 1211465999627 Controlled D.C. Metro Area: Young, Urban, Hip & Prosperous

Youth Drives Economy in D.C. Area

<h2 style="MARGIN-TOP: 2px"><img title="Economic Prosperity in D.C." style="FLOAT: right; MARGIN: 3px 6px" height="247" alt="Economic Prosperity in D.C." src="http://activerain.com/image_store/uploads/3/6/0/2/0/ar121145959902063.jpg" width="247" />Young, Urban, Hip = Economic Prosperity</h2>That's the D.C. metropolitan area.  Once thought of as just a government town, the District of Columbia and the surrounding areas of Northern Virginia and Suburban Maryland are now attracting that vital demographic of young, urban professionals between the ages of 18 and 34.  (Note: I turn 35 in July.  Does that mean I know longer fit into the category of young according to all these studies?)<a href="http://www.bizjournals.com/" target="_blank"><img title="Young, Urban, Hip" style="FLOAT: left; MARGIN-LEFT: 6px; MARGIN-RIGHT: 6px" height="194" alt="Young, Urban, Hip" src="http://activerain.com/image_store/uploads/1/2/0/0/5/ar121145986650021.jpg" width="292" /></a><a href="http://www.bizjournals.com/" target="_blank"></a>       <a href="http://www.bizjournals.com/" target="_blank">Bizjournals.com</a> named the Washington D.C. area as the third best place in the nation for job opportunities for young adults.  According to the article "Economic vitality goes to youthful metros," Washington has an insatiable need for lawyers, lobbyists, legislative aides (and other jobs that start with the letter "L") The article states that "having a high percentage of young adults can be an indicator of economic success.  It tells marketers where to concentrate their efforts, entrepreneurs where to start businesses, and college graduates where to look for work."How does the youth influence the economics of the metropolitan area?Consider this:<ul><li>Young markets (where more than 25 percent of residents are 18-34) have experienced 2.1 percent population growth per year since 2000 compared to a growth rate of 0.3 percent for old markets (defined as less than 22 percent young adults).</li></ul><ul><li>Annual rate of job growth is 1.9 perent in young metros compared to 0.4 percent for old metro areas</li></ul><ul><li>Personal income climbing at median pace of 3.4% /year in young markets compared to 2.8% in older markets.</li></ul><img title="Orange & Blue Line Metro" style="FLOAT: right; MARGIN-LEFT: 6px; MARGIN-RIGHT: 6px" height="349" alt="Orange & Blue Line Metro" src="http://activerain.com/image_store/uploads/8/1/2/8/4/ar121145994248218.JPG" width="325" />  The Young, Urban, and Hip are not ready for the far-out suburbs quite yet.  Witness the growth of new and stylish <a href="http://activerain.com/blogsview/423553/Orange-vs-Blue-Condos" target="_blank">condos along the Orange and Blue Metro Lines in Arlington & Alexandria</a>.  While a white-picket fence, 2.2 kids, and a large backyard may be in the future, today's wi-fi texting youth (apparently a group that I will soon be exiting as of July) prefers the convenience and low maintenance of condo living.  Looking for a Northern Virginia or D.C. condo?  <a href="http://www.searchhomesbyemail.com/" target="_blank">CLICK HERE TO START YOUR SEARCH</a> 10 application/xml false bizjournals.com blue line metro alexandria brian block condos near metro alexandria condos near metro arlington d.c. realtor economic prosperity hip homes for sale in northern virginia job opportunities d.c. metro line d.c. metropolitan d.c. northern virginia condos northern virginia realtor orange line metro arlington re/max allegiance urban washington d.c. young youth in d.c. area Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727; IEMB3; IEMB3) 127.0.0.1 127.0.0.1 bblock 68.55.5.194 false true false false true 205801 false false true false false false true 160154 blog blogsite/BrianBlock/web