For operators of student or senior housing communities, marketing strategies are usually straightforward. After all, the focus is usually on just one generation and it's easier to have a good understanding of the needs and wants of the target tenants.
Millennials comprise 39.3% of all U.S. adult renters, making up the largest generation living in apartments today. Other generations are renting as well, including Gen Z (16.2%), Baby Boomers (17.1%), and Gen X (22.6%).
It can be challenging to market to different generations at the same time. If you're trying to attract multiple generations, this could include single professionals, couples, older adults and families with children. The specific needs, wants behaviors and concerns of your target residents vary based on age.
Dive into this Multihousing News article to learn what can you do to attract renters from different generations:
|