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New Research Reveals What Renters Want in 2022: 3 Trends to Watch

Apartment Rentals - Milbrook Properties - South FL and NYC

When it comes to attracting the modern, high-profile tenant for multi-family real estate units, you just can’t ignore apartment amenities. They’ll likely be a critical factor that renters in 2022 will consider when signing and renewing a lease agreement. If you’re not sure what potential clients may need in 2022, study the following trends:

1. Millennials Don’t Want to Buy Homes Anymore

If you’re a residential property manager or owner, it’s important to know that homeownership rates for millennials are considerably lower than those for baby boomers or Generation Xers at the same age. Since the proportion of income millennials spend on rent is greater than that for any other generation, they want to derive the maximum value from their apartments. Capitalize on this trend by proactively investing in highly desired and popular apartment amenities.