DALLAS—When the discussion of renters comes up, millennialsoften come to mind. They are the driving force of the rental marketor so it seems. But in fact, they are not the biggest game changerswhen it comes to renting, according to RentCafe's newest study onthe US renter profile.
Using Census data from 2009 to2015, the statistics showed that renting is less millennial-centricand more about that demographic's grandparents. That is, empty-nestBaby Boomers account for the biggest change in the rentingpopulation—2.5 million senior households joined the renter cohortnationwide during that six-year period.
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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.
