When developers are buying land for single-family rental communities, they have to make compromises.
To build in first-ring suburbs, where there is less available land that is usually more expensive, they'll need to construct smaller communities. To produce larger communities, they need to move further out of large cities, according to Michael Carey, senior director at Altus Group.
But even that land is getting expensive.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
