Multifamily Mid-Year Review: A Look by Market Size
In this installment of our ongoing evaluation of multifamily performance in the first half of 2020, we consider performance from the perspective of market size.
In this installment of our ongoing evaluation of multifamily performance in the first half of 2020, we consider performance from the perspective of market size.
Another quarter is in the books, and this month we look beneath the national numbers to evaluate which multifamily markets were most impacted in a rocky second quarter.
The second quarter has come to a close, so we consider multifamily performance at mid-year from a regional perspective.
Taking a look at Texas multifamily performance in the first half of 2020 from perspectives including market size and price class.
Evaluating average effective rent change for stabilized properties in May and June from the perspective of market size and region.
Evaluating how stabilized properties have held up since the beginning of April from the perspective of region and market size.
The biggest impact of uncertainty and upheaval of the last few months has been the drastic reduction in multifamily demand. Depending on the area or the product type, either average occupancy or average effective rent may have been adversely affected more than the other – but net absorption decline has been the rule everywhere.
J Turner Research predicts a rent collection of 84.28% by 6/10, an increase of about 5% over the previous month at the same time. Read more from J Turner Research as they share some of the results of their June rent estimate study on the ALN Apartment Data blog.
A closer look at how Texas rent collections have been impacted by COVID-19 and the response to it in May.