If the numbers from China are accurate—and there’s no way to be certain about that—the COVID-19-induced recession should be a rather short one, according to RCLCO, the Bethesda, Md.-based real estate advisory firm. And the apartment sector won’t feel too much of a sting.
Charles Hewlett, a managing director at the company, said during a webinar late last week that the economic turndown should last a relatively quick two months.
Read more...COVID-19 Hit on Multifamily Will Be ‘Modest’ via Multi-Housing News Online
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