According to the 2014 Survey of Operating Income & Expenses In Rental Apartment Communities, the answer is Yes! To quote the Survey,
“2014 will likely go down as the formal beginning of the shift to a Renter-Based Society.”
The 10 page article by author Christopher Lee, President & CEO of CEL & Associates Inc., printed in Units Magazine and on the NAAHQ blog, provides all the facts and figures, statistics and demographics to support the quote. “2014 is the year to build your competitive edge”. Click here to read the full article and see how the perfect storm of limited supply of rental apartments, pent-up demand and declining vacancies have contributed to the shift.