Large Floor Plans in BTR Are Stealing Renters From Apartment Living

Single-family rental and build-to-rent are the new buzzwords of commercial real estate. Both sectors are seeing soaring demand, but Sudha Reddy of Haven Realty Capital notes that demand for single-family rentals underscores the need for housing with three or more bedrooms, otherwise known as large floor plan housing.

“Larger floor plan rental housing with three bedrooms and four bedrooms have never previously been purpose built,” Reddy, the CEO of Haven Realty Capital, tells GlobeSt.com. “New multifamily projects primarily consist of one and two bedroom units with a small percentage of three bedrooms. Build-to-rent provides renters the opportunity to rent larger three and four bedroom units akin to traditional for sale housing, which include garages and yards, in a housing community.”