A new report on single-family rentals by Cushman & Wakefield suggests shifting market realities may be calling for investors to reconsider how they balance their CRE portfolios.
According to the firm, there are some large ongoing changes in the SFR market. One is location. The SFR and build-to-rent markets have been expanding. Currently, 77% of SFR inventory is held within four states: Arizona, Florida, Georgia, and Texas.
That shouldn't be surprising given the demographic shifts from various parts of the country to the Sun Belt. Whether retail or multifamily—or SFR, apparently—real estate demand and, therefore, investment follows where people go. In addition, there's a growing market of BTR in Michigan, Ohio, and Kansas.
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