In tight rental market, here’s how to prepare for potential increase at renewal
The rental market may be “hot”, but it’s not stupid.
Read Full ArticleA collection of research and reports on the topic of Rental Stats & Trends in the rental property management business around the globe. Read through, see where opportunities are heading and share your opinions.
The rental market may be “hot”, but it’s not stupid.
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If this stat is only half correct, there will be 4.5 million more renters. How will you address this opportunity?
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Millennials and Gen Z are the largest demographic cohort of renters. They are smart and know what they want. Landlords listen to what they need if you want to charge premium rents.
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Tech leaders accommodating hybrid work and building out the future of collaborative workspaces. These tenants are high-income earners and demand convenience. How are you setting up your rental properties to attract these high-paying tenants?
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Liv.rent's rent analysis is a fair representation of the rent rates across the different municipalities vs. other reports that make it look like the high asking rents in downtown Vancouver are the same across the board. What are your thoughts?
If you read the stats, the problem isn't new as it has been happening for decades. The question is instead of blaming the government and society for the lack of rental housing. How can both the private and public sectors create a viable solution to address the multiple tiers of housing for each demographic group? The fact is that new purpose-built rentals are not "cheap" unless they get subsidized by the government. As buildings age, the maintenance and repair costs increase. A never-ending and challenging problem. Can near and long-term solutions are created by crowdsourcing?
Vancouver continues to attract global tech companies. We are the Silicon Valley of the North. Attracting more highly skilled workers who need rental housing.