The Effects of COVID-19 are beginning to take effect, as asking rents are declining in most major markets. Renters by necessity are relatively stable in terms of rent growth, by lifestyle rents are being hit the hardest. Rents are declining at..
Apartment retention rates are up, but rent growth is down. Operators are seeing increased short-term rentals on renewals due to COVID-19, but new leases are not achieving rent growth due to lower pricing on longer-term commitments. Metros that..
The multifamily industry has seen some minor effects of the COVID-19 pandemic, but the performance was better than expected after rent collections. Class C properties will be hit the hardest, as well as those markets that are travel and..
Year-over-year rent growth has slowed, while the end of 2019 was relatively stagnant. Overall, 2019 had a strong performance and will likely continue into 2020 as we approach the prime leasing months of Spring and Summer. The Southeast and..
The close of 2019 saw multifamily rent growth slow as it usually does during the winter months. The year overall was consistent as the top performers throughout the year remained at the top of the year-over-year in rent growth rankings. Looking..
Apartment demand is expected to decrease in 2020, even after strong absorption in 2019. Rent control will affect certain markets negatively with increased regulations. Rent Growth remains strong, although November reporting shows a slight..