Matthew Gilchrist, director of Gilchrist Homes, has been building with CSR products for over three years, and explains some of the reasons behind the surge of interest.
In the first six months of the pandemic, Glastonbury-based apartment builder and investor Trio Properties priced rents among its roughly 3,000 units “conservatively” due to concerns about tenants’ continuing ability to pay.
Jeremy F. Browning, Trio’s managing director, said it quickly became clear that renters were managing to hang onto jobs and staying put through lease renewals in record numbers. Demand was high and rents went up accordingly including an 8% to 10% jump over the past year, he said.