
Build To Rent (BTR) Market Snapshot – Q3 2023, Sheffield
Cortland Consult’s 12-month research initiative with the UKAA aims to provide property professionals with the latest data and insight to make informed decisions and ultimately maximise the value of your investments.
Historically known as the ‘Steel City’, Sheffield occupies a unique position as one of the nation’s largest and most diverse cities, with one-third of the city area occupied by the Peak District National Park. It is the epitome of city and country rolled into one, with 100,000 trees making it the greenest city in the UK.
The city’s BTR sector remains relatively small with only four developments in total, shown below. The city enjoys a strong pipeline however, with 4,805 units in total across 15 developments, enabling Sheffield to catch up with more mature BTR markets such as Leeds.