Zell: Demand for 24/7 living is good for apartments

10/9/2013 | CNBC

Younger people want to live in 24/7 cities, not suburbs, Sam Zell says. That is good news for apartment landlords. This trend could also lead to smaller units as demand steps up. "You're going to see 300-square-foot apartments, directly related to that one person wanting to live alone -- and saying, 'I'll give up space for privacy,'" Zell says.

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