The pandemic continues to burden multifamily rental housing as rents continue to fall and more pain is coming, Yardi Matrix says in their U.S. Multifamily Outlook for winter 2021.
‘After a year ravaged by a global pandemic and political division, nothing would be more satisfying in 2021 than a return to normal” … but “it will take some months to get most of the country vaccinated and get businesses operating as normal,” the report says.
“Despite the COVID-19 pandemic, national rent growth remained relatively flat on a year-over-year basis, ending the year at -0.8 percent. There was a large divergence in performance between markets, though. High-cost gateway markets struggled the most, while many tech hub and tertiary markets thrived,” the Yardi Matrix report says. Some highlights of the report:
Suraj Shrestha is an associate at Harborside Partners. He has been taking the lead role on research projects; to develop and implement online marketing strategies for search engine optimization and social media marketing. He is one of the core parts for helping to grow business revenue and the company’s online presence.