August 2020 News & Information Affecting
Landlords and Investors
Dear Friends and Family,
As multi-family residents no longer leave to go to work, new challenges face the property management industry. Residential tenants across the country are moving to more affordable zip codes. Higher end Class A rentals are getting hit the hardest in terms of increased vacancy and decreased rental rates. All while the design of apartments becomes more geared towards work from home space and unit level amenities.
How to Manage Multi-Family Assets When Residents No Longer Leave
Life under COVID-19 means people are now at home most of the time. While this is better for public health, it introduces new challenges for multi-family owners and operators.
Managing During COVID-19
Significant Spikes and Decline in Rental Markets Across the Country
Whether you live in a bustling city, sprawling suburb, or somewhere in between, it’s likely that you’ve been hearing more stories of people moving from expensive markets to more affordable zip codes.
National Rent Report
Class A Vacancies Rise and Rents Fall Amid Crisis
The coronavirus crisis boosted vacancies in high-end apartment properties across the US as many residents fled urban centers, adding to the impact of a wave of construction.
Class A Crisis
Post-Pandemic Apartment Design
The advent of the pandemic is accelerating the rate at which change is happening in multi-family design, particularly as it relates to work-from home space, the amenity mix and outdoor gathering areas.
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As always, please respond with your questions, comments, and thoughts. Until next time, hope you have a great rest of your day!