Multifamily Market Commentary
COVID 19 Exacerbates the Affordability Crisis
February 18, 2021
The 2020 COVID-19-induced pandemic and resulting recession created turmoil in the multifamily market; however, there was less disruption than expected because many renters were able to telecommute or quickly return to work and continue to pay their rent. In addition, some renters moved from more expensive, densely populated urban submarkets to less expensive suburban submarkets but remained in the same metro.