Multifamily Market Commentary
2020 Mid-Year Multifamily Market Outlook – Expected Turbulence Ahead
July 14, 2020
National multifamily market fundamentals, which include factors such as vacancy rates and rents, have been negatively impacted throughout second quarter 2020 by the COVID-19 pandemic, which began impacting most local economies in mid-to-late March 2020. The softening of multifamily demand due to increasing unemployment and economic uncertainty has resulted in a weakening of occupancy and rental growth over the past three months.