Wave of Single-Family, Build-to-Rent Properties Crashes Against Northeast’s High Costs
Connecticut Realty Trust recently completed its roughly $25 million “Grand Luxury Homes” project in Granby, which features 23 duplex-style houses and 19 single-family homes available for rent. The development was completed in June and fully leased by August, Kligerman, said.
A new twist in CT’s hot housing market: Construction of single-family rental homes
Since last summer, buyers have been scooping up single-family homes in Connecticut at a pace not seen in years, and they’ve been willing to pay a premium amid booming demand. It seems clear that the COVID-19 pandemic has led to more people, whether they already lived in CT or were relocating here, wanting additional space and comfort.