The rent is too high. Anyoneliving in a major US would most likely agree. Seems the pandemicand its related fallout have spurred action on that front, both inrental costs and where those rents are beingpaid.
US mutifamily rents decreased by$2 in June, down to $1,457, and year-over-year growth was in thenegative for the first time since December of2010.
A reportby Yardi Matrix showed a .8% declinein the first half of 2020 and a .4% decline in the second quarteralone, a marked change from the 2.6% growth during the first halfof 2019 and a 1.2% increase in the second quarter of the sameyear.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Patrick Smith
Patrick Smith, based in New York, covers the business of law, including the ways law firms compete for clients and talent, M&A and corporate work, leadership and marketing innovation. Reach him at [email protected] or on Twitter at @nycpatrickd
