As the optionality of the single-family residential market grows to match that of the multifamily/condo space, professional SFR operators have their foot on the gas for what looks like yet another record-setting year.






As the optionality of the single-family residential market grows to match that of the multifamily/condo space, professional SFR operators have their foot on the gas for what looks like yet another record-setting year.
Small multifamily lending volume reached an annualized $60.2 billion, on pace to not only break 2020’s total, but also 2019’s pre-COVID peak. Here’s a quick look at Q1 2021 small multifamily investment benchmarks.
Our 2021 single-family rental outlook forecasts that the market will continue to grow as it attracts institutional investors and brings on professional managers to improve operations.
Multifamily permitting in the first three months of the year averaged 530,000. At this rate, permit totals are on track to exceed 2020 levels.
U.S. multifamily rents continued to decline in the first quarter of 2021, although vacancy rates increased only slightly and remained near historically low levels. Cap rates tightened during the quarter, remaining at historical lows, while property values continued to accelerate higher.
The Q1 2021 Single-Family Rental Investment Trends Report explores SFR market fundamentals and performance metrics to start off the year. Read the full report for exclusive research, trends and insights on the SFR space.
The U.S. multifamily market overall posted rent declines during the first quarter of 2021, as the economy continued to feel the effects of the COVID-19 pandemic. However, bright spots were to be found.
Through first-quarter 2021, smaller metros experienced more cap rate compression for small multifamily properties than larger gateway markets. This trend reflects the migration patterns seen in most of 2020, as many households looked to move out of more urban areas.