Concessions Rise as Rental Market Softens

Rental concessions are now nearly twice as common as in February as apartment owners strive to attract new tenants in a softened market, said Zillow, Seattle.

Longer-Term Challenges to Multifamily Risk Outlook Emerge

he multifamily sector made it through the first half of the year with less turmoil as some anticipated. But the pandemic could create longer-term challenges for the sector, said Phoenix American, San Rafael, Calif.

Fiorilla: Tourism Metros Slow to Recover from COVID

Tourism and energy were among the sectors to bear the early brunt of COVID-19, as shelter-in-place orders that started in March closed many office buildings and entertainment venues around the country.

MBA: 2019 Multifamily Lending Up 7% to Record High

Fueled by strong market fundamentals and low interest rates, 2,589 different multifamily lenders provided $364.4 billion in new mortgages in 2019 for apartment buildings with five or more units, according to the Mortgage Bankers Association’s annual multifamily lending market report.