Among the USA’s fastest-growing sectors is multi-family real estate. Investment hit a record of $43 billion in 2015’s fourth quarter and multi-family units now account for one-third of the country’s new housing. Interestingly enough, this is the sector that has proved to be among the most technologically resistant.
This is owed partly to “an old guard of owners and landlords,” and partly to the business’ relationship-driven nature. However, a flurry of developments over the last few years might be indicative of change. This includes a surging demand for rentals due to shifting lifestyles in the U.S. The recent mortgage crisis and a generation less attached to home ownership is quickly making renting the newest favorite choice.
