Multifamily Rents Declined at Record Pace in Q3


Multifamily Rents Declined at Record Pace in Q3


At the same time, the vacancy rate increased 10 basis points in Q3, which put it at 5.0% at quarter`s end.

Job losses, combined with the expiration of unemployment benefits, may finally be taking its toll on the apartment market.

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RSK: With no new stimulus checks and covid still running rampant it was only a matter of time. Commercial tenants are next unfortunately.

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- - Volume: 8 - WEEK: 46 Date: 11/10/2020 8:47:04 AM -