Zeroing in on Apartment Demand
Apartment demand at the national level continues to look grim, but that does not tell the whole story. This month, we look under the hood to better understand this new environment.
Apartment demand at the national level continues to look grim, but that does not tell the whole story. This month, we look under the hood to better understand this new environment.
August 2020: Demand through July 2020 was half that of the same period last year, and 50k less units were absorbed than added in the first 7 months.
Robert Durham and Jordan Brooks from ALN joined the Rand CRE podcast to discuss recent Texas multifamily performance, implications for investors and more.
Multifamily demand fell 50% from January through July of 2020, and even more for more expensive properties. Today we take a closer look at nationwide price class performance.
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 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.
The dominant story of 2020 across all markets continues to be COVID-19 and the fallout from both the virus and the response to it. The impact is being felt across the economy, and multifamily real estate is no exception. April 2020 was the first full month in which a majority of the country was locked down and provides a first full look at what that may look like for the apartment industry.