One of the most impactful sessions at AIM this year was "Making Sense of the Market: Data & Insights that Matter for Multifamily Marketers," led by Zillow's Chief Economist alongside execs from Lefrak and Asset Living.
It was a clear-eyed look at how economic shifts are reshaping renter behavior—and what that means for marketers and operators alike.
Here are four takeaways that stood out, along with recommendations I'd put into action right now.
1. Renter Demographics Have Shifted—So Should Your MessagingThe average renter is now 42 years old. They're career-driven, sometimes raising families, and increasingly looking for long-term rental stability.
This isn't a student or recent grad—it's a customer with higher expectations, less patience for friction, and more buying power than ever before.
Recommendation:
According to Lefrak, top-of-funnel leads dropped 40%, but move-ins remained steady. Renters are taking longer to make decisions—but when they do, they're ready to commit.
Recommendation:
Nearly 40% of Zillow listings now include concessions, but panelists warned that deep discounts often signal something's off—slow service, bad reviews, or poor communication.
Recommendation:
The days of ping pong tables and beer taps being a leasing hook are fading. Today's renters want thoughtful spaces, seamless service, and amenities that support hybrid work and family life.
Recommendation:
Final Thought:
Multifamily marketing is no longer about catching attention—it's about earning trust. Operators who adjust to today's renter expectations will not only sign more leases—they'll keep them longer.
Comments