As high prices and higher mortgage rates slow the for-sale market, demand for rental opportunities, including in the build-to-rent (BTR) space, have continued to emerge. BTR products, including purpose-built single-family rentals and horizontal apartments, have matured and become more nuanced to appeal to prospective renters.
With affordability remaining a concern in the single-family for-sale market, consumers across many age cohorts, including millennials and baby-chasing boomers, are turning to the BTR market either by choice or financial necessity, as renting remains a cheaper option than owning in many metro markets across the country.
At Zonda’s The Future of Build to Rent in Dallas on March 27 and 28, panelists will explore what 2023 holds for the BTR space, providing attendees supply and demand forecasts, market updates, and potential headwinds. Additional sessions will highlight land and capitalizing on deals, product evolution in the space, and technology solutions.
Ahead of the conference, BUILDER spoke with Zonda senior managing principal Tim Sullivan for an update on how 2023 has looked so far for the BTR space, what is expected throughout the year, and factors to keep an eye on in the short- and long-term future of the market segment.
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