Why the “Build-To-Rent” trend is here to stay
Why the “Build-To-Rent” trend is here to stay
“Cost-wise, it makes sense. Factoring in higher mortgage costs, the difference between a mortgage payment and monthly rent on a single-family rental is $828. Single-family built-to-rent units ranged from $2,000 to $2,500 per month, on average, as of the third-quarter of 2023.”
Our Take…
While this article primarily discusses single-family homes, the build-to-rent trend continues for multifamily townhomes. Townhomes serve as appealing additions to downtown cores facing supply shortages. These communities cater to renters seeking proximity to urban areas while enjoying features typically associated with single-family homes.
Source: The Real Deal, January 16, 2024