This indicates apartment demand — driven by millennials, downsizing baby boomers, and increasing single - family home prices — is still extremely high.
Not exact matches
Despite the softening due to the new development focus on Class A
apartments, the overall fundamentals for
apartments remain stable,
indicated by the strong
demand for Class B and C properties.»
As new construction increases, so do absorptions,
indicating the
demand for
apartments is not yet close to being sated.»
Mayor Bloomberg's PlaNYC report predicted a population increase of one million by 2030, and CHPC's research
indicated that the current available housing stock do not adequately meet the
demands of the city's population, as 33 percent of households consist of a single adult living alone, and an additional 23 percent of households consist of single adults living in shared
apartments with unrelated adults.