Look to Suburbs for Multihousing OpportunitiesAccording
to this article:
The revitalization of downtown areas receives much press, but market researcher Leanne Lachman believes residential demand will continue to be strongest in the suburbs where the most job growth occurs. Lachman, president of Lachman Associates, an independent real estate consulting company, commented on this trend and others during "Demographics of Rental Demand," a well-attended session during the National Multi-Housing Council's (NMHC) Annual Meeting.
According to Lachman, four out of 10 new immigrants bypass cities and head straight for the suburbs. She predicts that the strongest multifamily demand in the next decade or so will come from young people, immigrants and minorities.
The fact that so many immigrants are moving directly to the suburbs is certainly newsworthy; historically they have tended to cluster in urban areas, transforming them into Little Italy, Chinatown, Little Havana, etc.
