The pandemic influenced 25% of renter moves over the past 18 months, and 70% of renters anticipate teleworking the same amount or more going forward, according to data from the National Multifamily Housing Council and Grace Hill 2022 Renter Preferences Survey report.
The survey included opinions of more than 221,000 renters, living in 4,564 communities nationwide.
One takeaway of note was that renters crave flexibility. Nearly half of respondents (46%) would consider joining a rental housing membership program that would allow its members the flexibility to move between communities within a brand's network of properties (similar to a vacation club).
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
