For Today’s Renters, One Size Does Not Fit All
Apartments have emerged as the housing option of choice for many Americans, pushing the national homeownership rate to a 50-year low and rents to all-time highs. With demand being generated by renters on both ends of the age spectrum, how are developers responding? As Taylor Johnson clients Waterton and Draper and Kramer, Incorporated, explain to Real Estate Forum, unit size and layout are becoming increasingly important as single millennials seek affordability, young couples prepare to start families and empty nesters look to downsize without their new home feeling like a downgrade.