Aug
31

The New Economy Renter: Doubling Up or Doubling Down?

By
– Multifamily Executive

Earnings season is upon us, and as the multifamily industry’s cadre of REITs begin to report second-quarter results and offer a mid-year take on 2009, expect to hear anecdotal tales aplenty about residents “doubling-up,” the phenomenon by which stretched-and-stressed consumers ditch their one-bedroom apartments and lease-up larger units with two, three, four roommates or more splitting the rent. Doubling-up is considered a multiple blow to already weakened multifamily rent fundamentals: It increases unit vacancies, decreases net operating income (NOI), shrinks the market of prospects, and puts a strain on the comparatively smaller supply of two- and three-bedroom units.

ARTICLE SHORTENED DUE TO LENGTH….

LINK TO ARTICLE HERE:

http://www.multifamilyexecutive.com/property-management/the-new-economy-renter-doubling-up-or-doubling-down.aspx
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