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Analysis

Another Multifamily Shift: Less Call for Three-Bedroom Units

Accelerated demand for larger apartments falls off as everyone can get away from each other again.

There was noted heavy demand for more space during the heights of the pandemic. When offices and schools were closed, along with cafes, libraries, and other places that might offer a place to work or study, people looked for larger living spaces. That could be purchasing a house out of a city, or it could also be leasing a larger apartment.

Renters’ choices are swinging back in the other direction now.

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Erik Sherman

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