Arbor’s Small Multifamily Investment Trends Report Q3 2025, developed in partnership with Chandan Economics, examines the factors behind the continued upward trajectory of the sector amid an ongoing capital markets recalibration. Several of its core performance metrics, including valuations, originations, and credit standards, have shown measurable improvement as a multifamily market-wide normalization takes shape. Supported by strong fundamentals, small multifamily stands tall despite economic uncertainty.

COVID-19 Creates Immediate Challenges, Long-Term Opportunities
COVID-19 has hit the U.S. economy in full force. Yet leasing and investment brokers are still reporting a high demand for single-family rentals (SFRs).
Chandan Economics estimates occupancy rates on transacted SFRs increased to 98.5% in the first quarter of 2020. As a niche sector, SFRs benefit from particularly strong tenant retention. During difficult economic times, SFRs are likely to attract people who would otherwise choose to purchase their own homes. They also appeal to tenants wanting the flexibility of renting. The analysis concludes that with appropriate underwriting standards and financially secure households, SFRs should see a future surge in demand.
Download the full report, “Q1 2020 Single-Family Rental Investment Trends Report,” for the latest insights on:
- State of the Market
- Occupancy
- Cap Rates & Prices
- Loan-to-Value Ratios
- Debt Yields
- Build to Rent
- Future Demand