As the desire to downsize increases, more and more boomers — people born after World War, 1946-'64 — find themselves looking into apartments and rental homes instead of home-owning. With the Boomers' impressive numbers and their newfound inclination toward apartment living, the multifamily living complex trend on the rise and is expected to continue growing.
Rather than millennials, who flock to apartments for cheaper living that works better for their lifestyle, the Baby Boomer generation are the ones projected to drive the apartment scene and “supplant young adults as the main driver of growth in multifamily home construction,” according to a Kansas City Federal Reserve report.
Sarasota, in recent years, has also been listed as an AARP Top 10 destination for seniors. Beating out innumerous other cities with beautiful Florida weather, the gorgeous Siesta Key beach, and a thriving arts scene that includes Ringling and impressive historic architecture.
Given the two above factors, Sarasota just might be the perfect place for the boom of boomer apartment living.