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Trends in Apartment Renting

TRENDS IN APARTMENT RENTING BOOMERS ON THE MOVE 75M Baby Boomers are looking to downsize Time for fun! Looking to urban apartments for convenient services and easy access to amenities Or are they moving to be closer to their kids who live in the city? ECHO BOMERS 80M Echo Boomers entering the housing market renters mostly as •17-31 years old • Children of Baby Boomers • The social media generation They're postponing buying homes, getting married and having children 70%: of US households don't have children Public Transit Urban Lifestyle Eco-Friendly WHAT IT MEANS Work will begin on 260,000 apartment buildings and townhouse developments in 2012 80% of Echo Boomers prefer cities 1.5M New renters between March 2011 and 2012 Apartment communities are becoming more dense, averaging 200 units per acre, up from 150 Apartment sizes are be- coming smaller to meet urban constraints- the net average square feet is fall- ing from 800 square feet to 702 square feet Ditching the suburbs to rent in the city - it's a whole new version of the American dream Start Your Apartment Search Today RENTCafe TM Sources: CNBC: Apartment_Boom_End National Multi Housing Council: US News and World Report: Multi-Housing News: US News: Business Insider: ECEEEEEC CEE ECE ECG ECE CEC CEE CEG EEC GCE 702 sqft 800 sqft

Trends in Apartment Renting

shared by Egiles on Oct 08
Americans are starting new households, downsizing from large homes, and increasingly interested in living a simpler, apartment focused life. But they don’t necessarily want it to be quiet and boring...




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