Single-family build-to-rent (B2R) communities are growing in popularity due to the high costs associated with purchasing a home. However, while many families are opting to rent rather than buy, the B2R segment is not without its challenges, according to Multi-Housing News. From staffing issues to flatter rent growth, there are a number of challenges B2R operators are facing.
Although rent growth in the SFR and BTR space has outpaced traditional multifamily over the past 12 months, Jeremy Edmiston, executive director and U.S. lead for Build-to-Rent/Single-Family Rental at Cushman & Wakefield, said that new supply in various markets is causing rents to flatten a bit. Demand is favorable, but absorption rates have trailed off slightly in higher supplied markets.
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