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The build-to-rent sector is poised for rapid growth over the next several years. Currently, the rental housing segment is serving aging millennials looking to start families but not yet able to achieve homeownership. However, Generation Z is standing in the wing ready to fuel long-term growth in the BTR space. According to Noam Franklin, a member of Berkadia’s JV Equity & Structured Capital team, 43% of Generation Z prefers single-family living to apartment living in young adulthood.

“According to survey data from the National Apartment Association, 43% of Generation Z wants to rent single-family homes following the completion of their university education. With the current age range of Generation Z spanning six to 24 years old, the first wave of this cohort is just now starting to make an impact on rental housing demand,” Franklin tells GlobeSt.com.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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