Link to full article: Apartment Demand Expected Higher In 2012: Marquette Economist The Source For NAR Commercial Real Estate:
Highlight:
[Even though growth of households (household defined as that population unit required for rental occupation or home ownership) slowed in the 2000s, current research suggests a nationwide bump in households amounting near 350,000. Against a backdrop of a base 35 million apartments in the US, a pent-up demand for apartment housing is stemming from an oft-discussed trend: After completing school, college students are coming home and staying there – approximately 1.6 million young adults in this situation currently that would under different economic circumstances be in apartments. As jobs return – and the latest numbers show some recovery there – this demand will hit the apartment market. What will further stimulate demand, Eppli said, is the fact that the average age of marriage is on the rise in the US, which means that adults are staying in rental units longer than they have historically.]
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