If you’re a landlord seeking ideas on how to draw more tenants to rent your building for the highest rate possible, perhaps you should identify what millennials want in an apartment.
The millennials are of interest for all business proprietors associated with any industry. In fact, they’ve not only taken over as the biggest generation in the U.S. but also have considerable influence in the economy. In particular, property owners must consider millennials’ needs when marketing and renovating their properties.
After all, almost 60% of renters are below age 40 and they constitute the biggest group of tenants. Here’s what they look for in urban rentals.
Frequently called “Space City” because it’s home to NASA, or “Bayou City” because of its proximity to Buffalo Bayou,” Houston has established itself as the most diverse American city with a booming financial growth and growing population.
It’s no surprise that the city ranks highly for millennials-a mobile generation eager to move to mix-use communities where they can work and have fun. The city has one of the biggest millennial populations nationwide, with young adults constituting 14.5% of the city’s overall population. If you’re thinking of relocating to this city, here’s what you can expect.
Dallas is one of the perfect places for millennials to reside in the U.S. With an excellent housing market, low rates of unemployment, and various opportunities, it’s no wonder numerous young adults call Dallas home.
The city also attracts millennials due to the upscale restaurants, deep-rooted history, and sporting events. When looking for a Dallas neighborhood, young professionals also seek unique experiences and unpredictable fun. For this reason, they find these Dallas neighborhoods appealing.