Editor's note: This article is reposted with permission of Zillow. View the original item: Renting Trends in Urban Apartments By Angela Sucich The rental market is set to boom, and apartment builders and developers are ramping up for it. Urban renters -- many of them young Gen Y-ers or "Millennials" -- are looking at renting an apartment not as a temporary phase before buying a home, but as a long-term lifestyle choice that supports a full, urban experience. Here are several building trends that reveal how developers are responding to these new priorities. Location, location, location This Belltown apartment is centrally located According to a recent webinar panel of industry experts hosted by the National Association of Home Builders (NAHB), location is the most important determining factor for renters in urban areas. Nathan Manley of Seattle chose his high-rise apartment building in downtown Seattle because it's centrally located, wit...
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