After new research from Axiometrics on the correlation between college enrollment and student housing demand, this week’s collection of multifamily news pieces features a mix of insights on millennial renters and new developments in the area of apartment affordability. First, National Real Estate Investor predicts the 10 suburban areas for millennial population growth and explores the unique drivers for the age cohort. Next, Bisnow examines how the preferences of millennial renters are expected to change the types of amenities that multifamily buildings need to provide. Research from Freddie Mac then reveals how the affordability crisis is expanding.  We round things off with an article from Fast Company exploring how repurposing parking lots could increase the number of affordable housing units, and begin to solve the shortage that currently exists.

skyline image ivan kaufman

Student Housing Inventory Growth vs. Enrollment Growth

Axiometrics- Nov. 16, 2017

“Additional demand and insufficiency of purpose-built student housing in past decades motivated developers to ramp up construction.”

Top 10 Suburbs for Millennials

NREI – Nov. 15, 2017

“NREI looks at the top 10 suburban areas surrounding major cities that have the best potential for millennial population growth.”

6 Ways Millennials are Influencing the Multifamily Market of the Future

Bisnow – Nov. 14, 2017

“Tight finances and lifestyle preferences that challenge current stock could have developers and property owners scrambling if they do not keep up with millennials shifting preferences.”

Suburbs: Turn Rail Station Parking Lots into Affordable Communities

Fast Company – Nov. 14, 2017

“Building complete communities on the sprawling asphalt lots around regional transit hubs does the dual work of creating more affordability and accessibility, and de-incentivizing private car usage.”

Freddie Mac: Multifamily Affordability Problem Expands

ALEX Chatter – Nov. 13

“New research from Freddie Mac quantifies what many renters already know to be true — finding an affordable apartment is harder than it used to be.”