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US cities riding high on millennial boom, but for how long?

As their numbers peak, fate of urban areas rests on whether they stay or move

House rents in big US cities such as New York, Washington and San Francisco are moderating or even declining because of a glut of new construction geared towards urban newcomers who have not arrived.

DURING the past decade, many US cities have been transformed by young professionals of the millennial generation, with downtowns turning into bustling neighbourhoods full of new apartments and pricey coffee bars. But soon, cities may start running out of millennials.

Demographers, along...

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