Friday, April 24, 2020

Rental Market Slowdown Could Hit Class A Hardest via Multi-Housing News Online

After a decade of growth in the number of high-earning renter households, the impact of the coronavirus outbreak could cause that number to stall, leaving owners of luxury rental properties struggling to lease apartments.

According to research from the Joint Center for Housing Studies at Harvard University, while the length of the pandemic is still uncertain, there are early signs that point to a slowdown in demand in the U.S. rental market. Leasing activity is down at a time when apartment completions are approaching a 30-year high and the growth of renter households has slowed.

Read more...Rental Market Slowdown Could Hit Class A Hardest via Multi-Housing News Online

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