With remote working increasing and oversupply a concern in urban markets, trends seem to favor suburban apartments in the future.
Some households will move to lower-cost areas to maintain a similar quality of housing or amenities for less money.
"We do see some strengths with suburban apartments," says CoStar Advisory Services Consultant Joseph Biasi. "If this work-from-home trend is going to be a little bit longer term, people will feel more comfortable with moving out into the suburbs."
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
