Single family rentals have come up as one of the rising stars of post-pandemic CRE. A recent Walker & Dunlop report predicted that SFRs would outpace multifamily, office, retail, storage, and hospitality growth by 2022. The SFR market is already worth an estimated $3.4 trillion annually; the multifamily market is at $3.5 trillion.
A big reason for the close competition is that the SFR market saw a bump during the pandemic. Many families, weary of crowded conditions, decamped from cramped apartments and sought space outside of cities.
Institutional investor money historically has only represented 2% of SFR, versus 55% of multifamily, has come swooping in, especially as higher-priced rents have seen strong growth.
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