Motivation is what gets you started. Habit is what keeps you going.
Jim Ryun
19 November By Keith Loria, Contributing Editor2015 ABODO explores how Millennials are shaping the rental market.
Top 5 things Millennials are looking for in an apartment.
Madison, Wis.—ABODO has published the findings of a new study examining what Millennial renters desire in apartments.
“To conduct our study, we surveyed college students from around the country to gauge their preference for amenities and analyzed pricing and amenities data for more than 1,000,000 rentals located within five miles of 494 U.S. colleges,” Alec Slocum, ABODO’s CEO, told MHN. “Millennials want mobile-friendly search and renting capabilities, much like the platform we offer at ABODO.”
Some of the study’s key findings included: 96 percent of Millennials rated finding a property that fits their budget as most important; 75 percent rated the safety of the building and neighborhood as the most important; and Millennials’ top three amenities included available parking (78 percent), in-unit laundry (67 percent) and controlled building access (60 percent).
“The survey showed that 83 percent of Millennials even sleep with their smart phones. High-tech amenities are incredibly important as well, including WiFi access, specifically, premium bandwidth,” Slocum said. “Some students even stated they’d be willing to pay more to get premium bandwidth at their apartment complexes.”
Unsurprisingly, Millennial renters also were shown to want state-of-the-art fitness centers, high-tech study rooms and easy video streaming capabilities.
“As the number of technological advances increase, Millennials are sure to want the latest and greatest innovative technologies, as compared to simpler amenities in the past,” Slocum said.
The study shows that Millennials are shaping today’s current rental market because they’re one of the largest groups driving the economy.
“Millennials’ earning and spending power has a distinct impact on the rental market. Millennials have continued to prefer renting as opposed to buying, so this will continue to drive rental prices up because of the size of this generation,” Slocum said. “Also, Millennials are shaping how agents and brokers communicate with clients. They want information fast and they want it via text or email, or even social media. They also want to view peer reviews of properties and use mobile platforms to view images and video, so communication methods are shifting in the rental market.”
Student housing developers and operators are clearly upping the stakes when it comes to property amenities and services that appeal to today’s students, and they are getting the word out on multiple social media channels.
“Millennials want to be made aware of apartment openings, deals and more via social media. They want to communicate on smart phones and information needs to be purveyed quickly,” Slocum said. “Companies should implement social media strategies and plan to share information on their social channels frequently. Companies should also work to create online photo libraries and blog posts to spread the word about their properties, all the while ensuring that their posts and images are optimized for Google searches.”
Walter Unger CCIM – walterunger@ccim.net – 1-520-975-5207 – http://walter-unger.com
Phoenix Commercial Real Estate and Investment Real Estate: investors and Owner / Users need to really know the market today before making a move in Commercial Properties or Commercial Investment Properties in Phoenix / Arizona, as the market has a lot of moving parts today. What is going on socio-economically, what is going on demographically, what is going on with location, with competing businesses, with public policy in general — all of these things affect the quality of selling or purchasing your Commercial Properties, Commercial Investment Properties and Commercial and Residential Land in Phoenix / Arizona. Therefore, you need a broker, a CCIM (Certified Commercial Investment Member) who is a recognized expert in the commercial and investment real estate industry and who understands Commercial Properties and Investment Properties in Phoenix / Arizona, and Commercial Land or Residential Land in Phoenix / Arizona.
No Slowdown in New Construction in Q3 – Apartments
3rd QTR 2015 GREATER PHOENIX APARTMENT OWNER’S NEWSLETTER Kasten Long Commercial Grpup.
WHY PHOENIX ARIZONA : ???
http://walter-unger.com/?p=13391
1
Timeline of Phoenix, Arizona history
http://en.wikipedia.org/wiki/Timeline_of_Phoenix,_Arizona_history
2
http://en.wikipedia.org/wiki/Phoenix,_Arizona
3
Facts of Arizona – year 1848 to 2013
http://walter-unger.com/?p=9507
Feel free to contact Walter regarding any of these stories, the current market, distressed commercial real estate opportunities and needs, your property or your Investment Needs for Comercial Properties in Phoenix.
1-520-975-5207
http://www.loopnet.com/profile/14101172900/Walter-Unger-CCIM/Listings/
Investors and owner/users need to really know the market before making a move in commercial investment properties as the market has a lot of moving parts today. What’s going on socio-economically, what’s going on demographically, what’s going on with location, with competing businesses, with public policy in general — all of these things affect the quality of your commercial properties/investment properties. Therefore, you need a broker who understands commercial properties. Please go to my web-site and get all the newsflashes and updates in Commercial Real Estate.
Check out my professional profile and connect with me on LinkedIn.
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Walter Unger CCIM, CCSS, CCLS
I am a successful Commercial / Investment Real Estate Broker in Arizona now for 20 years. I am also a commercial land specialist in Phoenix and a Landspecialist in Arizona. If you have any questions about Commercial / Investment Properties in Phoenix or Commercial / Investment Properties in Arizona, I will gladly sit down with you and share my expertise and my professional opinion with you. I am also in this to make money therefore it will be a win-win situation for all of us.
Please reply by e-mail walterunger@ccim.net or call me on my cell 520-975-5207 or Office:480-948-5554
Walter Unger CCIM
Associate Broker, Kasten Long Commercial Group
2821 E. Camelback Rd.
Phoenix, AZ 85016
Cell: 1-520-975-5207
Fax: 1-602-865-7461
walterunger@ccim.net
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a little about me and my expertise – video
commercial-investment real estate adviser-land specialist
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