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The significant spike in build-for-rent demand has made the single-family residential rental product the fastest-growing trend in homebuilding today. According to the Pew Research Center, more U.S. households are occupied by renters than at any point since the 1960’s. In fact, a new survey from Apartment List found that 18% of millennials expect to rent forever, up from 11-12% in the prior two years. As explained by the Atlantic Business Journal, one of the main reasons people rent, especially millennials and Generation Z, is because they can’t afford to purchase a home in their desired area. Additionally, most major cities lack affordable multiunit housing solutions due to zoning and density restrictions in popular areas. In this article, we discuss the build-for-rent model, the reasons why BFR has emerged as one of the most popular trends in real estate, and how the COVID-19 pandemic has impacted the BFR space.
This month we share news on some great new research partnerships that launched this past September. You will also hear about new thought leadership blog posts, additional podcast episodes, industry events and more!
In part 1 of our climate change series, we explored how the real estate and construction sectors are making efforts to reduce their negative impact on the environment, and how climate change impacts investor’s business decisions. In part two, we will discuss the short- and long-term implications of climate change on real estate, including adoption of corporate Environmental, Social & Governmental (ESG) initiatives, as well as what markets are the most vulnerable.
We were joined by 17-year commercial real estate vet, Leah Witko, and discussed career pathing, growth, leadership style, & how mentorship has been helpful to all of those facets for both the mentor and the mentee.
Climate change is slowly but surely making its devastating impact all over the world. In two parts, we will explore how the real estate and construction sectors are making efforts to reduce their negative impact on the environment, how climate change impacts investor’s business decisions, the short- and long-term implications of climate change on the real estate sector, including adoption of corporate Environmental, Social & Governmental (ESG) initiatives, as well as what markets are the most vulnerable.