DALLAS—The fresh-out-of-college renter is finding competition as those from the older generation are opting to rent. A new Pew Research study found that more US households are renting than at any point in 50 years. Whether it's by choice or by circumstance, the option to rent continues to be the most ideal one for all generations and economic backgrounds.
As demand for rental properties increases, developers are expanding to meet it. Richman Signature Properties, a relatively new kid on the block in the luxury rental sector, has already opened 10 US properties and plans to open 15 more properties by 2020. There is one property open in Dallas with one more in the works in Texas.
In this exclusive, Kristen Gucwa-Fuechslin, executive vice president of marketing for the Richman Group Development Corporation, recently discussed the rental market and the forecast by 2020.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
