Institutional-grade multifamily product will likely emerge from the looming end of eviction and foreclosure moratoria relatively unscathed, but Class C properties in less recovered markets are staring down greater exposure.
That will leave some landlords in the precarious position of deciding whether to evict (and potentially draw big rent increases with new tenants) while assessing the risk of foregone rental arrears, according to a new report from Cushman & Wakefield.
"On the one hand, this means that owners will have renewed freedom of action," writes C&W's Kristina Garcia in the report. "On the other, were there to be a significant increase in turnover in the market as a result of increased evictions, occupancies would fall, likely resulting in a decline in rents."
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