Build-to-Rent Activity Reaches Record Levels in 2022

The sector is poised for a long runway of growth, with 44,700 BTR houses under construction, triple the number of units completed in 2022, according to RentCafe.

Interest and activity in the build-to-rent (BTR) sector continue to rise, with completions increasing 47% on a year-over-year basis in 2022, according to an analysis by RentCafe.

The number of BTR houses completed has jumped in each of the past three years, increasing from 6,677 units in 2019 to 7,469 units in 2020, 9,928 units in 2021, and 14,541 units in 2022.

In addition to a record year of completions, the number of units under construction in 2022 sets the stage for a long runway of growth for the BTR sector. According to RentCafe, approximately 44,700 BTR homes are under construction, with the bulk of future activity located in Phoenix (5,473 units), Dallas (4,350 units), and Houston (2,553 units). Several Southeastern metros, including Atlanta; Charlotte, North Carolina; Tampa, Florida; Jacksonville, Florida; and Nashville, Tennessee, have more than 1,100 BTR units under construction.