Pressures within the sector are already being felt.

For those in the real estate business it’s imperative to continue to adjust to trends that are attracting this younger demographic.

A good sub-market for a value-add play should show a difference of several hundred dollars between the cost of renting a new, luxury apartment and the cost of renting an older unit.

Among the key factors affecting the sudden rise in TI allowances is a significant increase in new inventory that impacted supply and demand dynamics nationally.