Magazine article Journal of Property Management

Pampered Pooches: Creating Pet-Friendly Multifamily Communities

Magazine article Journal of Property Management

Pampered Pooches: Creating Pet-Friendly Multifamily Communities

Article excerpt

Property Management Insider

The American Pet Products Association (APPA) announced at its recent annual trade show that overall spending in the pet industry last year topped a record $60.28 billion-a number that's projected to grow to $62.75 billion this year. The apartment sector has recognized in recent years that more and more residents seek living spaces where pet amenities exist. According to the National Multifamily Housing Council, 33 percent of pet owners rent apartments. As a result, they are drawn to such amenities as dog washing stations, pet parks, and even dog treats in the lobby. Robert Poynter, executive vice president and chief investment officer at Monogram Residential Trust, said that a happy pet can also mean a happy resident.

The growth in younger pet owners is coming at a time when Baby Boomers are showing waning interest in caring for furry companions. …

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