Torrey Square posted the lowest base rent per-leased-square-foot in Whitestone’s wholly-owned portfolio. Since its IPO in 2010, Whitestone has improved its base rent per leased square foot by over 80%.
While the scarcity of land in cities will remain a challenge for homebuilders, the pandemic will most likely reshape the US residential market and could help solve America’s housing crisis.
Last year, 50,000 new homes were added to the single-family rental market.
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