Not only home shoppers have hit the pause button. Prospective apartment renters are also sheltering in place in the face of the COVID-19 epidemic.
That’s bad news in North Texas, which has the most new apartment communities hunting for new tenants, according to a new report by RealPage.
“The drastic drop in renter mobility creates some real challenges for properties in the midst of initial lease-up - and D-FW has lots of those,” said Greg Willett chief economist at the Richardson-based apartment industry service firm.
Read more...Missing: 20,000 D-FW apartment renters to fill new units via Dallas Morning News