Apartment Building and Townhouse Developments Kicking into High Gear?

Our friends from Rent Cafe, one cool online apartment renting place, are letting us know that work on 260,000 apartment buildings and townhouse developments might be set to start this year.

They’ve created a nifty infographic which illustrates how the new generation of Echo Boomers (the children of Baby Boomers) might be about to rattle the concept of the American Dream. Living a life increasingly informed by sustainability efforts and social media communication, the Echo Boomers are considering more seriously renting a small apartment than buying a home to suit their urban, single lifestyle.

And that’s not all! The same infographic suggests that renting might also be the right alternative for those Baby Boomers for whom home maintenance fees are becoming a burden.

What seems to be the trend in apartment building construction? Smaller apartments–average square feet seems to have decreased from 800 to 702–and a greater density of units per acre, all in the city!

Take a look and ‘like’ the infographic if it confirms any of your expectations, hopes, or dreams.

Trends in Apartment Renting
Courtesy of: RENTCafe
Roxana Baiceanu

Roxana Baiceanu

Roxana is an associate editor with Multi-Housing News and Commercial Property Executive. In the past, she also created content for PropertyShark and Point2Homes’ blog pages. She also has 5 years of experience as a marketing copywriter.