The apartment mid-rise is expected to fare better than other projects in the COVID-19 economic downturn.

While the declines in asking effective rents are modest, most leases are being signed at levels below what those quoted rents would suggest. Performance hasn't gone off the edge of the cliff, but it is notably weakened for now.

In spite of the recent pandemic-caused uncertainty, well-capitalized investors are positioned to provide liquidity to companies as they work toward and through the eventual rebound, writes Gino Sabatini of W. P. Carey.