The document summarizes trends in the UK rental market in 2019 and outlook for 2020. It notes that £48 billion was traded in 2019, down 25% from 2018, with alternatives such as build-to-rent surpassing commercial real estate. Build-to-rent saw significant growth and now makes up 15% of alternatives in the UK and 30% in Manchester specifically. The document discusses pricing, rental rates, absorption rates and customer demand for build-to-rent properties in Manchester, noting strong occupancy rates. Challenges and opportunities in the build-to-rent sector are also reviewed.