Urban cities like Baltimore, Philadelphia, and New York are booming with new construction. Multi-unit properties in major cities are attracting potential owners/renters from all generations – this is especially true for millennials and retirees who prefer and seek the balance and convenience of city living and luxury. The urban rental inventory has increased by 32% since 2010 compared to 16% in the suburbs. Multi-unit properties in these urban areas are on track to continue attracting those who seek low-maintenance properties that also provide amenities for a convenient living and a fun environment. Do not miss out! This is where investors want to be.
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