Ivan Kaufman explains how multifamily renters in small buildings, being relatively more suburban, have higher rates of car use.

1. HOW DO MULTIFAMILY RENTERS
GET TO WORK?
Small balance multifamily loans are typically between $1 million and $5 million. Chandan Economics
defines small-cap properties as 5 to 19 units, mid-cap properties as 20 to 50 units, and large-cap properties
as larger than 50 units. Both small-cap and mid-cap properties can fall into the small balance spectrum.
Source: American Community Survey; Chandan Economics
See the full report on ALEX Chatter here:
www.arborloanexpress.com/chatter
Renters in small
buildings, being
relatively more
suburban, have
higher rates of
car use.
Large assets are
more urban,
where public
transportation
and walkability
are more
popular.
77% share of
workers living in
small buildings
drove to work
compared to only
62% in large asset
buildings.
78% of all small
asset households
owned at least
one car compared
to 60% for large
buildings.
Vehicle Ownership
0%
15%
30%
45%
60%
0
Vehicles
1
Vehicle
2
Vehicles
3 or more
Vehicles
Small Assets
(5-49 units)
Large Assets
(50+ units)
Means of Transportation to Work
0%
25%
50%
75%
100%
Car, Truck
or Van
Public
Transport
Walked Other Personal
Means
Work at
Home
Taxicab
Small Assets
(5-49 units)
Large Assets
(50+ units)