Multifamily a Trillion Dollar Business via Multifamily Executive Magazine

To those who live and breathe the multifamily business, it’s all about the bottom line. The economic impact of an apartment community is measured in net operating income, revenue and expense, debits and credits.

But if you step back and consider the economic impact a new apartment community has on its neighborhood—and further, the industry’s impact on the national economy—you’d be astounded.

The first and most obvious factor is construction spending, and several studies quantify just how many jobs are supported via development. But that’s just the tip of the iceberg: The financial contribution of ongoing operations, not to mention resident spending, paints a much more complete picture of multifamily’s might.

Read more...Multifamily a Trillion Dollar Business - Multifamily, Research, Apartment Trends - Multifamily Executive Magazine