Market Trends

Downtown Chicago Rents Have Suffered While Suburban Markets Were a Mixed Bag

A feared collapse in apartment rent collections amid the COVID-19 shutdowns has failed to materialize. But can that streak last?

New supply expectations fall this year, but future construction impact hinges on the downturn’s severity and length.

Nearly half of multifamily mortgage debt outstanding is backed by the federal government and, thus, stands to benefit from the CARES Act and recent actions from the Federal Reserve.

More renters are canceling move-out plans and requesting short-term lease extensions, and property managers are offering unprecedented flexibility to accommodate them.

Federal Government Action Will Assist Renters in Maintaining Income; Strong Multifamily Fundamentals Pre-Coronavirus Provide Sturdy Framework