Market Trends

With on-site leasing severely curtailed and social distancing protocols in place because of the pandemic, apartment managers had to turn on a dime and find new ways to serve prospects and residents.

The Emergency Rental Assistance program makes available $25 billion to assist households that are unable to pay rent and utilities due to the COVID-19 pandemic.

Respondents to a NAIOP tracking survey of the pandemic’s impact on commercial real estate indicate improving rent collection rates, increased industrial investment activity, and a more positive outlook for employment in their firms.

79.2 percent of rental households made a full or partial rent payment by Feb. 6, a 1.9 percentage point decrease from the same time period last year

On Wednesday, January 20, 2021, the CDC announced that it would extend the current moratorium on residential evictions through at least March 31, 2021.  But landlords, take heart, President Biden also asked Congress to pass expansive rent relief to ease the burden on landlords.

The pandemic continues to devastate portions of the U.S. economy, but investor confidence is expected to return in 2021 with the rollout of COVID-19 vaccines and more stimulus funding.