Saladaeng One / Openbox Architects. Image © Spaceshift Studio
Multifamily housing in urban environments provides social, economic, and environmental benefits to both individual residents and cities as a whole. Kicked into overdrive after the 2008 financial crisis, demand for multifamily housing has since continued to rise and remains strong today. Generations Y and Z are the youngest urbanized group of adults and these young professionals are fueling much of the demand for compact living in city centers. Though the younger generations are the ones driving the changes, the result is expected to be more secure, convenient living for everyone.