Reasons why 1 in 4 small multifamily renters plan to move out of their current units by June 2023, and why an additional 1 in 3 are considering doing so:
Affordability: 28% of small multifamily residents are considering moving to a more affordable rental in the next year—less than other renters due to these properties’ relative affordability.
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Location: 23% are considering moving to a new location for personal reasons, and 14% will do so for reasons related to work or school.
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Amenities: 18% are thinking of moving to a rental with features that are more desirable or that better suit their current needs.
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Space: 16% are considering moving to a new rental due to changes in the amount of space they need.
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Household: 14% are considering moving to a new rental due to changes in who they live with.
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1 IN 4 SMALL MULTIFAMILY RENTERS PLAN TO MOVE OUT OF THEIR CURRENT UNITS BY JUNE 2023!
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