Sarasota, Tampa become hot beds for built-to-rent homes

For those who don’t want to commit to the price tag of buying a home but want the space a house offers, build-to-rent homes can be a good option. Developers are starting to take note, according to a recent study by RentCafe, with 44,700 build-to-rent houses under construction nationwide — triple of how many were built last year.  

One of the markets where the trend is especially big is Sarasota. Over the past two years, 445 new build-to-rent homes have entered the Sarasota market. Another 770 units in Sarasota are currently under construction, the report found, putting the metro area at No. 14 in the U.S. for the number of build-to-rent homes underway.