The commercial real estate industry is bracing for disruption brought on by the coronavirus crisis, but a new survey by Institutional Property Advisors (IPA) suggests that the multifamily market may be a safe place to shelter during a time of turbulence.
Nearly two-thirds of respondents to the survey said their firms expected only a slight decrease in multifamily rents over the next six months, while 17 percent foresee a significant drop. Almost 41 percent anticipate that vacancy rates will stay the same or decline.
Read more...Multifamily Investors Expect Modest Impact from Virus via Multi-Housing News Online
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