{"id":181169,"date":"2024-07-29T14:17:20","date_gmt":"2024-07-29T14:17:20","guid":{"rendered":"https:\/\/capitalsq.com\/?post_type=expertise&#038;p=181169"},"modified":"2024-07-29T14:25:25","modified_gmt":"2024-07-29T14:25:25","slug":"a-favorable-rental-climate-of-both-circumstance-and-choice","status":"publish","type":"expertise","link":"https:\/\/capitalsq.com\/expertise\/a-favorable-rental-climate-of-both-circumstance-and-choice\/","title":{"rendered":"A Favorable Rental Climate of Both Circumstance and Choice"},"content":{"rendered":"<p class=\"appear-on-scroll\"><a href=\"https:\/\/institute.bankofamerica.com\/content\/dam\/economic-insights\/homebuyer-insights-report-q1-2024.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Approximately 80% of Baby Boomers favor renting over buying a home in 2024<\/a>, according to Bank of America Institute.<\/p>\n\n<p class=\"appear-on-scroll\">Recent headlines add weight to a shifting narrative:<\/p>\n\n<ul  class=\"appear-on-scroll wp-block-list\" >\n<li><a href=\"https:\/\/yieldpro.com\/2024\/07\/renters-agree-its-a-bad-time-to-buy\" target=\"_blank\" rel=\"noreferrer noopener\">\u201cRenters Agree it\u2019s a Bad Time to Buy\u201d<\/a> (Yield Pro, 7\/9\/24)<\/li>\n\n\n\n<li>\u201c<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-06-10\/homeownership-costs-in-the-us-jumped-26-since-pandemic-began\">Homeownership Costs in US Jumped 26% Since Pandemic Began<\/a>\u201d (Bloomberg, 6\/10\/24)&nbsp;<\/li>\n\n\n\n<li><a href=\"https:\/\/robbreport.com\/shelter\/homes-for-sale\/americans-renting-not-buying-1234818264\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u201cHigh-Earning Americans Are Now More Likely to Rent Than Buy\u201d<\/a> (Robb Report, 6\/1\/24)<\/li>\n<\/ul>\n\n<p class=\"appear-on-scroll\">Adding to the story of the active rental market \u2013 where individuals and families are choosing rental housing for both financial and lifestyle reasons \u2013 is <a href=\"https:\/\/www.realpage.com\/analytics\/apartment-forecast-2nd-quarter-2024\/\" target=\"_blank\" rel=\"noreferrer noopener\">RealPage\u2019s July 2024 forecast<\/a> that suggests roughly 40% of the top 50 U.S. markets may see rent growth above 3% in 2025, with 55% of markets expecting 2-3% growth.<\/p>\n\n<h3  class=\"appear-on-scroll wp-block-heading\" ><span class=\"text\">Capital Square\u2019s Response to the Rental Climate Headlines:<\/span><\/h3>\n\n<p class=\"appear-on-scroll\">As an owner, <a href=\"https:\/\/capitalsq.com\/development\/\">builder<\/a> and <a href=\"https:\/\/capitalsq.com\/property-management\/\">manager<\/a> of best-in-class rental housing properties that are in demand, Capital Square is well positioned to serve this historically high population of renters for years to come.<\/p>\n\n<p class=\"appear-on-scroll\">Over 40 of our <a href=\"https:\/\/capitalsq.com\/expertise\/why-multifamily\/\">multifamily<\/a> communities across the Sun Belt are now managed by <a href=\"https:\/\/www.capitalsquareliving.com\/\">Capital Square Living<\/a>, Capital Square\u2019s property management division, establishing long-term value for investors from the property-level up. In-house property management maximizes revenue, increases operating efficiencies and reduces costs, while delivering best-in-class service. With Capital Square Living, we enable our residents to thrive, while our multifamily real estate portfolio also becomes even more exciting, fully leveraging the strength of our vertically integrated real estate firm.<\/p>\n\n<p class=\"appear-on-scroll\">Our <a href=\"https:\/\/capitalsq.com\/2024\/07\/capital-square-acquires-build-for-rent-community-near-wilmington-north-carolina-for-dst-offering\/\">growing number<\/a> of <a href=\"https:\/\/capitalsq.com\/expertise\/seizing-the-potential-of-build-for-rent\/\">build-for-rent<\/a> (BFR) communities is also answering the elevated demand from renters who desire the space of a single-family home without the significant financial responsibility of home ownership. Thus, the benefits and flexibility of rental communities can now reach new populations seeking larger housing solutions, complete with a yard for their dogs.<\/p>\n\n<p class=\"appear-on-scroll\">The rent growth predictions for 2025 and beyond, when <a href=\"https:\/\/capitalsq.com\/expertise\/the-next-housing-crisis-on-the-horizon\/\">the next housing crisis on the horizon<\/a> begins to arise, mean opportunities continue to reside in multifamily and BFR real estate investing.<\/p>\n\n<p class=\"appear-on-scroll\">At Capital Square, we\u2019re ready for it, living our mission as we continue to raise capital, buildings and expectations. <a href=\"https:\/\/capitalsq.com\/contact\/\">Contact us today<\/a> to learn more.<\/p>","protected":false},"excerpt":{"rendered":"<p>Approximately 80% of Baby Boomers favor renting over buying a home in 2024, according to Bank of America Institute. Recent headlines add weight to a shifting narrative: Adding to the &hellip;<\/p>\n","protected":false},"author":[40],"featured_media":181171,"template":"","meta":{"featured_image_background_position":"","promoted":false,"priority":"","footnotes":""},"categories":[25],"tags":[31,37,30],"content-type":[39],"investment":[],"class_list":["post-181169","expertise","type-expertise","status-publish","has-post-thumbnail","hentry","category-investment-insights","tag-build-for-rent","tag-investor-education","tag-multifamily","content-type-article","author-capital-square-team"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A Favorable Rental Climate of Both Circumstance and Choice - Capital Square - Raising capital, buildings and expectations<\/title>\n<meta name=\"description\" content=\"Recent headlines add weight to a shifting rental climate narrative, wherein individuals and families are choosing rental housing for both financial and lifestyle reasons.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/capitalsq.com\/expertise\/a-favorable-rental-climate-of-both-circumstance-and-choice\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Favorable Rental Climate of Both Circumstance and Choice - 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