Federal Unemployment Helped Jobless Renters Meet Obligations, Though Multifamily Faces Greater Challenges as Support Wanes
Rent collections held firm in the second quarter despite high unemployment as government stimulus mitigated the impact, yet the expiration of these benefits could weigh on multifamily. The largest adjustment to fundamentals came from the Class A segment, as supply additions imposed additional headwinds. Lower-tier space has been more resilient, but vacancy could be nuanced by eviction moratoriums.
Key Features Include:
- Analysis of the multifamily environment with less federal support
- Insight into shifting renter preferences and how suburban apartments could benefit
- Evaluation of potential population migration trends to secondary and tertiary markets