The pandemic is remaking the business case for a number of real estate sectors, including suburban multifamily. Simply put, during a time when a contagious, sometimes-deadly virus is circulating, people want as much space as possible and the suburbs provide that. 

But it is just as likely that demographics are playing a role as well in this trend.

For a decade now, developers have been building urban apartments to meet demand from boomers and millennials, who wanted to live closer to the action. Those companies achieved strong rent growth.

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Leslie Shaver

Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.