Baby boomers are the fastest-growing group of renters, Census figures show.
More than 5 million baby boomers are expected to rent their next home by 2020.
Many boomers want amenity-rich full-service buildings like millennials, brokers tell CNBC.
By Amy Zimmer | CNBC
Russ Chung once lived in a sizable Midwest home, but he recently downsized to a luxury one-bedroom rental in Midtown Manhattan just blocks from Central Park.
Now, rather than mowing a lawn, the 60-year-old higher education administrator spends his free time visiting museums and taking in New York’s other cultural offerings.
