CALABASAS, CA—Two of the prime beneficiaries of a rallying economy have been apartments and the industrial sector, says Marcus & Millichap in a new report. In the case of multifamily, it’s due to improving employment levels among the age cohort most likely to rent.

“More than two-thirds of individuals ages 20 to 34 rent apartments, and the employment market for this group continues to improve,” writes Hessam Nadji, chief strategy officer/SVP at MMI, in the firm’s latest Research Brief. “Following a drop last month, the unemployment rate for 20- to 34-year-olds sits at 7.5%, down from more than 12% four years ago when the US economy started adding jobs.”

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