During the pandemic, there has been a movement away from density to detached homes. But that soon could be changing as companies bring workers back to the office, according to CoreLogic.
"This could help increase the demand for attached rental properties in the near future, as people move back towards city centers to decrease their commute time," it says.
But right, now detached is still in favor in most markets. In February, rent prices for detached properties increased 6.5%. That was a 3% increase from February 2020 and a record high in rent growth for detached properties according to the CoreLogic Single-Family Rent Index (SFRI). The SFRI measures rent changes among single-family residences, including condominiums.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
