Compared to pre-pandemic millennials who embraced both migration and dense urban cores, more than half of Gen Zers surveyed said they’ll stay put after graduating from college, with 44% saying they prefer a vibrant suburb over city life.
Market Trends
Apartment resident retention rates went on a wild ride during the course of the past year or so, but the ability to hold onto renters at lease expiration now is returning to more typical levels for the country as a whole.
Some multifamily landlords are becoming more optimistic about a steady recovery from the pandemic as rising rent and occupancy rates in their buildings reflect some of the strongest rental rate growth and rent collection rates nationally in more than a year.
What will an economic resurgence mean for multifamily investments?
Apartment rents continue to rebound across the country, according to the latest data from Apartment List.
Centers for Disease Control and Prevention has once again extended the eviction moratorium, this time through June 30.