14. 6 of 10people would sacrifice a bigger house
to live in a neighborhood that features a
mix of residences, stores and businesses.
15. Millennials tend
to place more value
on amenities than
on square footage.
Some Desirable
Amenities Include…
✓ Wi-Fi Connectivity
✓ Communal Spaces
✓ Walkable Locations
✓ High-End Fitness
Center
16. This is a generation of online social
networking and herding—or meeting at
a social gathering in a moment’s notice.
Hey! We’re meeting
at Starbucks in 5 mins.
Want to join?
Sure! See you soon!
28. Many saw their
parents lose a
significant portion
of their savings
due to decreased
home prices and
have since lost
confidence that
homeownership
is the way to
develop wealth.
HOUSE
FORECLOSED
31. Federal student loans outstanding
have shot up 360% since the start of
the recession, rising from $98 billion
to $453 billion in just four years.
2007 2008 2009 2010
$98B
$453B
32. Rentership rates for
households aged 30-64
are the highest they’ve
been in 30 years.
Particularly among
households in their thirties,
which is up by more than
9 percent in 8 years.
66. Apartments are shrinking because when
you live in a mixed-use community, what’s
outside becomes an extension of your
livable space. This is why developments like
The Grove and Pike & Rose are achieving
higher rents and higher occupancies.
MARK TORO
MANAGING PARTNER
NORTH AMERICAN PROPERTIES
79. SetYourSiteinGreaterPhiladelphiaby Jerome Rozen (image)
Friendshavingfunoutdoors by Svetlana Damjanac / iStock.com (image)
Smartphone designed by George Agpoon / The Noun Project (icon)
Footprint designed by Jule Steffen & Matthias Schmidt / The Noun Project (icon)
City designed by Nicholas Menghini / The Noun Project (icon)
CrowdofPeopleWalkingontheStreetby Rafael Ramirez Lee / Shutterstock.com (image)
Receiver by Sergey Krivoy / The Noun Project (icon)
Coffee by Sam Ahmed / The Noun Project (icon)
Car by Laura Beggs from The Noun Project (icon)
MartiniGlass by Stanislav Levin / The Noun Project (icon)
ShoppingBag by Erin Standley from The Noun Project
Dumbbell by Ola Möller from The Noun Project
MortarBoard by Paul Souders from The Noun Project
Anchor designed by Jeremy Elder / The Noun Project (icon)
Airplane designed by misirlou / The Noun Project (icon)
PikeandRoseGroundbreaking by Maryland GovPics / Flickr (image)
SantanaRow by Bruno Pinheiro / Flickr (image)
TheGroveinLosAngeles,fromabove,no.12052203 by Eric E. Johnson / Flickr (image)
TheMcMansion by Dean Terry / Flickr (image)
ThumbsUp designed by Alv Jørgen Bovolden / The Noun Project (icon)
USOpenParkingLot by alex92287 / Flickr (image)
Caulkingwindow by kimkole / iStock.com (image)
CookieCutterHouses by Ann Walsh / Flickr (image)
SantanaRow by Eric Fredericks / Flickr (image)
ReceptionBelldesigned by Catia Marsh Mallow / The Noun Project (icon)
Footprint designed by Jule Steffen & Matthias Schmidt / The Noun Project (icon)
City designed by Nicholas Menghini / The Noun Project (icon)
Wireless designed by Edward Boatman / The Noun Project (icon)
TheAmericanaatBrand by Chris Yarzab / Flickr (image)
IMAGE SOURCES
80. Axiometrics | axiometrics.com/company/pressreleases/apartment-
occupancy-hits-95
Survey by Apartments.com | realestateeconomywatch.com/2014/01/nearly-
half-of-all-renters-are-ex-homeowners/
Survey by Trulia | magazine.good.is/articles/most-americans-want-a-
walkable-neighborhood-not-a-big-house
National Multi Housing Council (NMHC) | finance.yahoo.com/news/
landmark-resident-survey-identifies-top-173400335.html
National Association of Realtors | realtor.org/articles/how-millennials-move-
the-car-less-trends
U.S. Census Bureau | tampabay.com/news/business/realestate/pricey-posh-
tiny-apartments-rule-tampa-bays-big-money-rental-boom/2189650
Urban Land Magazine | urbanland.uli.org/infrastructure-transit/housing-
america-s-graying-population/
Harvard Joint Center for Housing Studies | harvard-cga.maps.arcgis.com/
apps/StorytellingTextLegend/index.html?
appid=7e85ff667f804fe0aaf10a5a27db9c39
Hart Research | macfound.org/media/files/
How_Housing_Matters_2014_FINAL_REPORT.pdf
Rent Comparison (San Jose, CA) | forrent.com/apartment-community-
profile/1000059389.php
Rent Comparison (Alpharetta, GA) | apartmentguide.com/apartments/
Georgia/Alpharetta/The-Lex/259/
Study by Brookings Institution | nytimes.com/2012/05/27/opinion/sunday/
now-coveted-a-walkable-convenient-place.html?_r=1&
U.S. Census Bureau | census.gov/construction/chars/pdf/
mfu_medavgsqft.pdf
U.S. Commerce Department | bloomberg.com/news/2014-07-10/renters-
trading-size-for-frills-fuel-u-s-apartment-boom.html
http://www.nytimes.com/2014/08/30/upshot/is-owning-overrated-the-rental-
economy-rises.html?_r=0
DATA SOURCES