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The growing popularity of single-family rentals as a housing option for Millennials is skewing the multifamily inventory toward amenity-rich larger buildings. At the same time, the trend is helping consolidate smaller apartment assets.

Job growth, increased consumer spending and population demographics are three macroeconomic factors contributing to a positive outlook for the multifamily and commercial real estate market according to a new forecast released by the Mortgage Bankers Association (MBA) this week.

We recently examined trends in how today’s renters are searching for apartments. Let’s now take a look a why renters decide to make the move — though it turns out they are choosing to do so less frequently.

As technological innovations continue to disrupt traditional approaches to living, multifamily will be redefined by a more personalized and enriched consumer experience.

Traditional word of mouth referrals and Internet searches are most popular among renters seeking small building rentals. But search modes vary with the end purpose of the move.

Imagine having the ability to see how many of your renters are using your apartment amenities, how frequently they do so, and even which times are the most popular.

As apartment developments find new takers in the suburban areas of the largest US metros and regional transit connectivity continues to improve, more small building households are beginning to give up cars.

The commute choice of apartment renters appears to be at a tipping point — more recent suburban renters are ditching their cars for rides on the train or bus.

While Internet access makes steady inroads in small apartment buildings, renter preference for faster connectivity is shifting access to newer technologies.

From the fastest growing metro markets and the factors that determine rent growth to tech solutions and the future of amenity offerings, ALEX Chatter has been your go to source for multifamily news and information.