Basic Marketing Research 4th Edition Renters
Joseph Hair and Mary Celsi and Robert Bush and David Ortinau LooseLeaf for Essentials of Marketing Research 4 October 20, 20112119Essentials of Marketing Research delivers a concise, up-to-date review of a broad variety of marketing research topics. Its application-oriented approach equips students with tools and skills necessary to solve business problems and maximize opportunities.
'Nationally, about 87 percent of all large-scale apartment buildings completed in the first half of 2018 are high-end,' according to by nationwide apartment-search website RentCafe. This trend has been gaining since the country pulled itself out of the Great Recession. In 2012, 'high-ends' were just more than half of new construction. By 2017 they encompassed 79 percent of the market and are still on the rise this year.' Just a few short years ago it was a sensation to see the rise of luxury rental buildings in our cities,' the survey said. The congress duty. 'Now they are pervasive.'
Basic Marketing Research 4th Edition
Scammers use fake ads to lure rentersWhat's considered a high-end apartment? RentCafe used a complicated series of ratings, including the size of the washer and dryer within the unit. But the best way to analyze it is by the price renters are willing to pay for 'luxury' - even if they don't want to. The average rent for A+ or A rated rentals, which now account for 54 percent of all construction, is $2,146 a month for slightly more than 900 square feet.Of course, high-salaried New York City and San Francisco renters would consider that a bargain. But this national figure also includes lower-than-average-income cities like St. Louis, Missouri, which happens to be the fastest growing metropolitan area in the country. It built 'nothing but high-end apartments in 2017,' said the survey.If you apply the yardstick that rent should equate to one-fourth of your gross income, this means the salary needed to rent a two-bedroom apartment in a large city is about $86,000.
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And if your eventual goal is to own either a condo or a house, that mission can become inaccessible because paying ever-increasing rent doesn't build equity.The survey found that for those unable to earn this much income, new lower-priced rentals are almost nonexistent. Only 2.3 percent of new construction is for 'B' rentals whose average monthly cost, which doesn't include frills like an exercise room, is about $1,340.' This type of rental housing still exists, so I wouldn't say that lower-end rentals are being forced out,' said spokesperson Adrian Rosenberg of RentCafe.