Multifamily rent growth turned negative in the second quarter for the first time since the aftermath of the global financial crisis, Yardi Matrix reported Thursday. That being said, compared to Q2 GDP growth, which saw the steepest quarterly drop in some 80 years, Q2 apartment rent performance wasn’t calamitous. “Expectations of widespread non-payment of rent did not materialize and the immediate…


Multifamily Rents Drop, But COVID Impact Less Than Feared

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