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Hanley Wood Multifamily Group: How to Sell to the Multifamily Market
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5. DEMOGRAPHIC SHIFTS OVER THE NEXT 10 YEARS FAVOR MULTIFAMILY DEVELOPMENT Multifamily Trends Source: U.S. Census Bureau Projected total population growth rate by age, 2008–2018 Apartments and condos: single and roommate rentals; entry-level and move-up condos Apartments and condos: move-down / downsizing and lifestyle product Senior living 20 – 24 25 – 29 30 – 34 35 – 39 40 – 44 45 – 49 50 – 54 55 – 59 60 – 64 65 – 69 70 – 74 75 – 79 80 – 84 85+
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12. Source: READEX Research, M ULTIFAMILY E XECUTIVE, Reader Profile Study, 2003 Action and Intelligence MULTIFAMILY BUYERS ARE MOTIVATED BY DIFFERENT FACTORS THAN THEIR SINGLE-FAMILY COUNTERPARTS Bringing units to code Standard procedure at property age Product quality upgrade General modernization Property value increase Ability to increase rents Making property competitive in the market