If you manage downtown rental properties, you may have noticed that your space is becoming more popular. In mid- to large-sized cities, companies and individuals are flocking to downtown areas.
While it was once common for young adults to move to the suburbs, buy a house, and start a family, this trend is changing with the Millennial generation. Today’s 20- to 30-somethings are renting much longer than previous generations and getting married later in life.
With so many people choosing to live in downtown areas, many businesses are leaving their suburban offices and making the move to more urban areas. How can you highlight the incentives of living and working downtown to potential renters of your apartment and business spaces? Here are a few thoughts:
According to Smart Growth America, over 100 cities in more than 85 metro areas and in every region of the country are experiencing downtown growth. As a manager of rental spaces, make sure you are taking full advantage of this trend by proudly advertising all the great things your city has to offer potential tenants.
This post was written by Deidre R., a Product Analyst in the Commercial Lines Marketing Department at Acuity. Deidre’s experience also includes nine years as an Account Manager at an insurance agency. She received her bachelor’s degree from St. Norbert College in De Pere, Wisconsin, and her master of organizational behavior from Silver Lake College in Manitowoc, Wisconsin. Her hobbies include volunteering and event planning for a local women’s shelter, yoga, crafting, reading, and biking. She also enjoys spending time with her husband and dog.