{"id":119271,"date":"2022-03-07T02:57:46","date_gmt":"2022-03-07T10:57:46","guid":{"rendered":"https:\/\/www.rentcafe.com\/blog\/?p=119271"},"modified":"2024-09-03T03:11:13","modified_gmt":"2024-09-03T10:11:13","slug":"trendiest-gen-z-cities-in-2022","status":"publish","type":"post","link":"https:\/\/www.rentcafe.com\/blog\/rental-market\/market-snapshots\/trendiest-gen-z-cities-in-2022\/","title":{"rendered":"Trendiest Zoomer Cities in 2022: Gen Z Renters Are Giving Big Cities a Glow Up"},"content":{"rendered":"

The only generation to record an increase in renting activity in the past year, up by 21%, Gen Z<\/a> is playing a big role in the urban revival, bringing to the front lines of development these Zoomer cities. Currently representing over a quarter of lease applications nationwide, Gen Z renters are swarming large urban hubs that promise job opportunities, bringing new life into cities that were once considered doomed due to the pandemic.<\/strong><\/p>\n

Meet the next Zoomer hotspots: San Francisco; Jersey City; Manhattan; Philadelphia; and Boston saw the sharpest spikes in lease applications from the youngest generation of adults, with increases of up to 101% in the past year. Like their Millennial<\/a> peers who headed for the big cities in the years following the Great Recession, Gen Z renters are now moving to large urban areas<\/strong> that provide job opportunities and a vibrant social scene, after a one-year hiatus in their college towns or their families\u2019 small towns<\/a> in 2020.<\/p>\n

Nationwide, the number of applications for apartments from renters of all generations increased by an average of 10% year over year, from 2.9 million applications in 2020 to 3.2 million in 2021. The increase in activity was mainly driven by the youngest renter group, the oldest of whom are 25 years old. Compared to 2020, there were 220,000 more Gen Zers who applied for an apartment in 2021. Technologically savvy, extremely concerned with social issues and more diverse than any prior generation, Zoomers are starting to exert their influence in the housing market \u2014 they were the only generation to record an increase in renting activity in 2021.<\/div>\n
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