Rent Growth and New Construction Trend Higher as Cap Rates Edge Lower The single-family rental market (SFR) is flourishing even as growth slows in many other sectors. The immediate outlook for SFR remains firmly positive as a bedrock of demand, a countercyclical business model, and the ability to absorb inflation propel SFR upwards in a challenging macroeconomic cycle. Key Findings: Vacant-to-occupied rent growth surges again, reaching 14.8% year-over-year. Cap rates slide back to 5.3%, just above all-time lows. Build-to-rent construction starts totaled 57,000 over the past year, a new record high. Complete the form to instantly access the full report!
Top Markets Attracting Millennial Renters from Other States
The top metros attracting Millennial renters from other states are typically medium-sized with relatively fast-growing economies.
Q1 2019 Small Balance Multifamily Investment Trends Report
Whether a period of economic weakness is years away or just around the corner, the small balance multifamily sector is projected to remain healthy in 2019. Read our Q1 2019 Small Balance Multifamily Investment Trends Report for insights on the market.
4 Reasons to Consider Single-Family Rental Investment
Those considering investment in the residential arena of commercial real estate, should consider single-family rentals (SFRs). Here are some reasons why.
Staying Put: Young Adult Renters are Moving at Declining Rates
While higher shares of young adults move into apartment buildings annually, moving rates for this age group are in decline, keeping with the broader national trend.
Single-Family Rental Portfolio Financing Trends
As commercial real estate investors move further out on the yield spectrum, they are increasingly considering the single-family rental (SFR) asset class. Large portfolio transactions have made headlines in recent years, yet individual investors still own 80% of the SFR marketplace.
Beyond the Nest: Young Adults in Multifamily are Less Likely to Live with Relatives
Young adults in multifamily properties are less likely to still be living with their parents compared to the overall young adult U.S. population, which includes those in owner-occupied homes and all rental housing.
Older Renters are Increasingly Living Alone
A growing share of older renters is living alone, with small asset properties experiencing robust gains from this demand segment.
As Millennials Age, So Do Their Renting Preferences
While a large share of millennials still lives with roommates, this age group is beginning to move out on their own or starting families as they age.
Small Asset Multifamily Grows Share of Non-Family Households
Smaller multifamily properties have grown their share of non-family households. On the other hand, large properties are appealing most to married couples. The share of renters living with roommates continues to rise across all apartment property types.
Las Vegas Multifamily Market Snapshot — Q4 2018
Las Vegas led the nation in rent growth in 2018, at 8.6% year-over-year. This strong performance was largely driven by strong population growth and a high concentration of prime-age workers. The addition of new supply to the market resulted in a slight uptick in the vacancy rate, but it remained among the lowest nationally.