The profile of the single-family renter is shifting as the COVID-19 pandemic has generated higher expectations around amenities and quality of life as residents spend more time at home.
And although a move to the suburbs was already happening before the pandemic, the drive to single-family rentals has only accelerated, according to panelists at IMN's Single-Family Rent Forum (East).
Addressing an audience at Loews Miami Beach Hotel last week, the panelists said the average-single family renter in many markets is now between the ages of 24 and 40, a change from earlier profiles.
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Melea VanOstrand
Melea VanOstrand oversees the Daily Business Review as ALM's Florida Bureau Chief. Email Melea at [email protected] or follow her on her Twitter or Facebook pages.
