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RENTCafe.com projects that an estimated 45 million Gen Z-ers will have entered the housing market by 2025 and they will be more likely to rent.

The strategy will prioritize Class B, workforce housing aimed at people earning between 80% to 120% of AMI.

The latest Rent Tracker shows a decline that was staved off in the summer following the release of the first stimulus package.

More than two-thirds of operators have trained their teams on responding to the Coronavirus pandemic, while nearly all industry leaders said general training is vital.

During the pandemic, occupancy rates have hit generational records, putting upward pressure on rents.

The developer will build 15 communities in Sunbelt markets, and it plans to deploy the capital over the next 18 months.

"Before COVID-19, there was a big move for gyms to fill up the larger retail space where stores were that were closing," Jerry Markowitz said, "I suspect all those types of things are on hold for now."

According to StorageCafé, the cities with the highest self storage square footage are in Texas, with Austin, Houston, Dallas-Fort Worth and San Antonio all offering more than 9 square feet per capita.