An attractive combination of affordability, location diversity and larger unit sizes are giving the small multifamily asset class broad appeal.

Single-family rental (SFR) cap rates have remained stable through the first nine months of 2019, holding near their all-time lows. Declines in benchmark interest rates have increased the average return premium for SFRs.

The U.S. multifamily market had another strong quarter in Q3 2019, with rent growth hitting 4.1% year over year. Here’s a quick look at the U.S. multifamily market benchmarks for the quarter.

Small multifamily plays a critical role in offering more affordable rents in Greater Los Angeles, as housing affordability remains a concern in the region.

The market for single-family rentals in 2019 has continued to take significant steps forward. For exclusive insights on the SFR market, including data on cap rates, occupancy and construction activity, read our “Q3 2019 Single-Family Rental Investment Trends Report.”

As the longest expansion in U.S. history continues, real estate industry players are looking at the performance of the U.S. economy and the market’s fundamentals for clues as to the longevity of this cycle.