Jan
07
Will Younger Demographic Make Rent Growth Implode?
ByNew event! Meet the people leading the sector at RealShare Industrial West. The Westin Long Beach, January 19-20. Room block available.
Rent growth shouldn’t implode because the younger demographic looks at homeownership differently than previous generations, says Pittro.In preparation for the multifamily quarterly feature in Real Estate Forum magazine, we sat down with many multifamily experts from around the country. In the first part of this series, we talked about whether or not apartment vacancy will tick upward in 2016. In part two of the series, we reviewed whether or not the market could digest the new supply pipeline. In this part of the series, we talk about rent growth, demand, and whether or not we can expect it to implode in the coming years.GlobeSt.com: Do you expect rent growth to continue? How about demand? Is it likely to implode in the coming years due to the number of 20- to 29- years olds, which still constitute the bulk of the prime rental cohort?…
