Service Request

Changing Demographics of Renters

Recent studies have identified some interesting developments in renter demographics. Since the Great Recession, renters under age 25 have decreased while those over age 55 have increased. Persons ages 18-39 have long been the primary age group for rentals however the recent recession seems to have changed this. The study performed by Axiometrics attributed lack of job creation as the reason that fewer renters under age 25 have formulated their own households. Conversely, the report speculates that the increase in renters ages 55-64 has risen primarily by choice. The Great Recession not only made homeownership more difficult for first time homebuyers but it also changed people’s attitudes towards homeownership.

Other News

 
23 November, 2020

2020 Rochester Choice Awards Winner

We are happy to accept the award for the 2020 Rochester Choice Awards by the D&C.

Read More
 
18 March, 2020

Response to COVID-19

As a multidisciplinary commercial real estate services firm, we serve a wide variety of...

Read More
 
12 March, 2018

Smart Buildings Getting Smarter

“Smart buildings” are the next big thing on the horizon of commercial real estate techn...

Read More
See All