JLL Residential

Build To Rent

It has been a long journey, but Build to Rent (BTR) has finally arrived in the UK. For years we have been anticipating the emergence of an institutionally-backed, purpose built and managed private rental sector. Now, with 125,000 units either completed, under construction or with planning, there is a clear pathway towards critical mass in the nascent sector.

This short research paper does something that has not been possible before – it explores completed BTR operating performance. It also explores the ‘who’ question of BTR, analysing the tenants who have been living in these buildings for at least 12 months.

Build to Rent

Build to Rent

Highlights include:

• With an average rent premium of 8.4% achieved across London, an exploration of whether occupiers willing to pay for services and amenities

• Rental growth has averaged 3% over the past 12 months

• A profile of typical occupiers of BTR schemes, including average age, income, and percentage of income spent on rent

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