Future planning
Taking charge of growing housing demands in cities .
By David Frazier
Today , 56 percent of the world ’ s population ( 4.4 billion inhabitants ) live in cities . This trend is expected to continue , with the urban population more than doubling its current size by 2050 . The speed and scale of urbanization bring challenges , such as meeting accelerated demand for multifamily housing .
Housing demands rising
The multifamily industry is one of the oldest forms of real estate investment and the most popular . The market is wide and varied , with more than 43.9 million residents living in multifamily housing .
Nashville , Tenn .’ s multifamily market is a prime example of an urban city with a growing population that must adapt to this demand . According to the moving and storage company PODS Enterprises ’ second annual relocation trends report , Nashville ranked third among the most popular moving destinations over the last year . With this population influx , the city must adapt to house all these
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