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Multifamily Rents Declined at Record Pace in Q3

via GlobeSt.com Job losses, combined with the expiration of unemployment benefits, may finally be taking its toll on the apartment market. After multifamily held up reasonably well in Q2, national asking and effective rents declined at a ...

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Small Apartment Pricing Improves in Q3

via GlobeSt.com Throughout the COVID-19 recession, it has been anticipated that smaller apartment owners would bear the brunt of the problems in the multifamily sector. If rent payments are late or units are empty, there are fewer apart...

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Voters Reject California’s Proposition 21

via GlobeSt.com Once again, California voters have decided not expanded rent control in the state. In Tuesday’s election, voters rejected Proposition 21. Had it passed, the measure would have allowed local jurisdictions to expand rent cont...

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Rent Payment Struggles Continue

via multihousingnews.com Recent reports detail a downward trend in residential rent collections as stakeholders seek solutions. More than six months into the coronavirus pandemic, multifamily trade groups and advocates are worried about t...

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100,000 Restaurants On Track to Close This Year

via GlobeSt.com At least 100,000 restaurants will close this year because of the pandemic, the National Restaurant Association recently predicted. Perhaps more surprising, the association also found that 60% of operators said their total ope...

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