People aged 20 to 34 are flocking to cities in the Southeast, making the region, among other things, an ideal market for apartments, according to recent migration trends.
From 2021 to 2022 that age group increased by 700,000 residents – or about 1%. However RealPage found that the spike was greater in several prime apartment markets.
Lakeland, a small inland Florida market, grew its young adult population by 5.5% from 2021 to 2022, reported RealPage analyst Julia Bunch, accounting for 7,500 more residents.
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.
