Market Trends

The National Multifamily Housing Council (NMHC)’s Rent Payment Tracker found 91.3 percent of apartment households made a full or partial rent payment by July 20 in its survey of 11.1 million units of professionally managed apartment units across the country.

With strong rent collections reported on the local and national levels, multifamily has fared better than other asset classes during the COVID-19 pandemic.

With all the pandemic-related turbulence in the market, determining how apartment units should be priced to succeed has become increasingly difficult. Multifamily operators rely on revenue management to help predict profitability patterns.

Opportunity zones provide tax breaks to investors who transfer recently realized capital gains into qualified funds that sink money into real estate projects and businesses located in specially designated economically distressed areas, with a goal of boosting jobs and housing.

Join the  Marcus & Millichap Multifamily Forum Southeast: Online Conference  in a re-imagined, all-digital, online conference format. Spanning ten days from July 7 through July 16

Rents are rebounding as new lease volumes have surged. In the week ending June 20, total new lease volumes were up a remarkable 18.6% compared to the same time last year in the same-store dataset.