It’s no secret to any property manager that when job growth is on the upward trend, rent growth will shortly follow. However, a recently published Axiometrics article drew a parallel between falling rent and job rates to an increase in college enrollment. “Why does enrollment increase when job growth declines? The simple answer is to get a (better) job. When there is a lack of jobs, young people tend to head to (or stay in) college to get more skills to better fit the labor market’s needs.”
on Axiometrics.com.
From:: Property Management