The older millennials are getting, the more they're spurring demand for a fast-growing property class—and that demand might be even greater than it appears. 

That's according to Brad Hunter, president of Hunter Housing Economics, who said he wanted to "set the record straight" at the GlobeSt. MULTIFAMILY SPRING event on Tuesday.

Single-family homes built specifically for renters are not a new concept but they are enjoying fresh popularity, thanks to millennials and migration patterns accelerated by the COVID-19 pandemic.

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Raychel Lean

Raychel Lean is ALM's Florida bureau chief, overseeing the Daily Business Review. Email her at [email protected] or follow her on Twitter via @raychellean.