Luxury Renter Demand Outlook
Challenges of Home Purchasing, Unique Amenities
Support Demand for Luxury Apartments
Robust renter demand for upscale Class A apartments has helped push overall rental absorption to record levels in recent years, resulting in low vacancy and ample rent growth. This performance is being assisted by the shortfall in the nation’s housing inventory, as well as Class A multifamily lifestyle characteristics that appeal to a large block of households.