Build-to-Rent Poised to Become Institutional Asset Class, According to Cushman & Wakefield

Cushman & Wakefield predicts that build-to-rent (BTR) properties are on the verge of a breakthrough, driven by investor interest and changing perceptions of rental homes. Currently representing just 1% of the multifamily market, these properties are gaining momentum among developers due to typically higher absorption rates, lower turnover rates, and higher rents per square foot than traditional multifamily properties. Cushman & Wakefield, with a 10,000-unit national portfolio, is also witnessing a recent resurgence in trade-outs for BTR units. This trend aligns with data showing outperformance in the BTR sector compared to the traditional multifamily market.

Read the full article by Richard Berger at ALM GlogeSt.com