Grubb Properties has published its second annual State of the Young Renter Survey that showed nearly three-fourths of renters value community connectedness. Connections with neighbors was important to 72% of renters, according to the survey, which had 1,000 respondents aged 22-35.
Based on their current rental situations, roughly half (56%) of renters reported positive impacts on their personal well-being; 77% are satisfied with their current rental situation. Being green is vital to the younger generation as 82% of renters said it was an important factor in deciding their next apartment home.
"By providing communal spaces, shared amenities, and group activities, as well as selecting desirable and connected locations, we strive to create an environment that fosters interaction with neighbors and promotes the overall well-being of our residents. The results of this survey validate the importance of our approach," said Todd Williams, Chief Investment Officer with Grubb, in a release.
Renters also love their pets, and three-fourths of current owners would never live in a pet-free building regardless of rent increases.