Costar Says “A Storm is Brewing in Multifamily”

The Number of Prime Renters Will Eventually Begin to Shrink

The Number of Prime Renters Will Eventually Begin to Shrink

The CoStar Group, the leading provider of commercial real estate information, analytics and online marketplaces, published a brief about the multifamily market that states the demand is set to decline in the apartment market.

As Millennials get married, start having families, and begin buying homes, demand will decline as a result of this trend.  They report that demand will get hit with the additional problem of a lot fewer people aged 20–34, those most likely to rent an apartment.

Read their summary here.

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