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Young Renters Find Competition from Older Generation

More US households are renting than at any point in 50 years, whether by choice or by circumstance across all generations and economic backgrounds, says Richman in this EXCLUSIVE.

By Lisa Brown | lisabrown | Updated on September 22, 2017

Parc at White Rock Parc at White Rock attracts millennials and Gen Xers for both city living and nature.

DALLAS—The fresh-out-of-college renter is finding competition as those from the older generation are opting to rent. A new Pew Research study found that more US households are renting than at any point in 50 years. Whether it’s by choice or by circumstance, the option to rent continues to be the most ideal one for all generations and economic backgrounds.

As demand for rental properties increases, developers are expanding to meet it. Richman Signature Properties, a relatively new kid on the block in the luxury rental sector, has already opened 10 US properties and plans to open 15 more properties by 2020. There is one property open in Dallas with one more in the works in Texas.

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