Economically affordable rents are an issue of social stability and so, therefore, one of commercial real estate sustainability.
CoreLogic undertook a new analysis looking at the question, but through an unusual lens. Instead of focusing on multifamily rentals, the firm examined single-family rentals because it turns out to be the most important in the country.
"There are more renters living in single-family residences (SFRs) than those residing in multifamily residences (MFRs)," they wrote. "Over 2.5 million more renters occupy SFRs than MFRs, according to the latest U.S. Census Bureau survey. The split of occupancies between the two residence types is about 50% for SFRs and 45% for MFRs, with the remaining 5% mostly residing in mobile homes."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
