Items Tagged with 'millennial renters'

ARTICLES

  • Multifamily occupancy rates keep rising

    More Millennials opt to rent instead of own
    Apartment occupancy rates climbed in July to their highest level since 2000, according to a report from RealPage, which revealed that occupancy rates rose 0.4% from last year to reach 96.2% last month. Meanwhile, average rent prices across the U.S. remain around $1,414, as a number of Millennial renters keep demand strong.
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  • European co-living company Quarters raises $300 million for substantial U.S. expansion

    Plan to develop 1,300 new co-living units in the next three years
    Whether it’s because they’re attracted to communal, dormitory-style living or because that’s all they can afford these days, Millennials and other younger generations are increasingly turning to co-living as a housing option. The idea has taken off in recent years, with several different companies beginning to expand on the idea of shared living. And now, one of Europe’s largest co-living developers is planning to make a big push in the U.S.
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  • From HW Magazine

    The Multifamily Movement: Renting steps into the spotlight

    More Americans are opting for apartment-style living
    Favored as one of the most stable real estate investments, and quickly becoming America’s abode of choice, apartments are inching toward center stage in the residential real estate realm. Skyrocketing home prices, hefty interest rates and demographic trends are creating a perfect storm for multifamily to step into the spotlight. There are 111,054,354 renters in the U.S., according to the U.S. Census Bureau. This represents 35% of the U.S. population, and that number is increasing as people continue to move from rural or low-growth areas to national job nodes.
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