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Anirban Basu

Millennials' desire to rent changing local landscape

Millennials' desire to rent changing local landscape

Jennifer Brookland lives in Odenton, works in Washington, D.C., and is planning to move to North Carolina next month for her husband's medical school residency. Mobility is important. Brookland, 31, chose her apartment complex for its proximity to the MARC train, which she takes to work at her communications job in an international development organization. The four-minute walk to the MARC train from the apartment, where rent is about $1,800 for a two-bedroom apartment, is "literally the reason we're here," she said. Millennials, the generation that reached adulthood around the turn of the century, are boosting the popularity of rental multifamily housing,...

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