Buildings erected over one hundred years ago and offered for lease represent a unique segment of the rental market. These structures may include former single-family homes, multi-family dwellings, or repurposed commercial spaces. An example would be a pre-1924 brownstone in a major metropolitan area, subdivided into apartments and offered for lease on a yearly basis.
Residing in historically significant architecture offers tenants a connection to the past, often with unique architectural details and craftsmanship rarely found in modern construction. These properties can contribute to the character of a neighborhood and represent valuable cultural assets. Adaptive reuse of older structures can contribute to sustainable urban development by reducing the need for new construction and preserving embodied energy. Further, the location of these properties often places tenants in established neighborhoods with mature landscaping, walkability, and proximity to amenities.