| bottom-link"> | | | | Many renters seeks the amenities of today’s |
| The nation’s apartment builders have put out a | | | | new apartment construction - DSL lines, a business |
| report which shows a burst of multifamily building in | | | | center in the building, top of the line alarm systems, gas |
| central cities over the past decade. | | | | fireplaces, gourmet kitchens, and fitness centers with |
| City construction has increased faster than that of | | | | state of the art equipment. Many more features than |
| suburban growth. Building permits for metropolitan | | | | most individual houses offer. |
| areas are up from 17% to 21%. In 1999 apartment | | | | The convenience of city living is attracting people in the |
| construction in these areas was up 55% from 1992 | | | | age bracket of 20-29. Many of which have just |
| levels. | | | | started their first job after graduating from college. |
| The lifestyle of the city is attracting childless couples, | | | | Most are highly paid and desire the hassle-free living of |
| singles as well as households comprised of | | | | apartment life. |
| roommates. These groups prefer to rent rather than | | | | The flexibility of renting in the city as well as the |
| buy. These close-in locations eliminate or reduce | | | | convenience it offers continues to attract large |
| commuter headaches. Most renters prefer to be close | | | | numbers of apartment dwellers and drives apartment |
| to mass transportation. Some are even willing to shed | | | | demand. Most choose to rent for the lifestyle and not |
| their cars for the conveniences of the city. | | | | economic reasons. |