Special Report: Midyear Multifamily Outlook

Federal Unemployment Helped Jobless Renters Meet Obligations, Though Multifamily Faces Greater Challenges as Support Wanes

Rent collections held firm in the second quarter despite high unemployment as government stimulus mitigated the impact, yet the expiration of these benefits could weigh on multifamily. The largest adjustment to fundamentals came from the Class A segment, as supply additions imposed additional headwinds. Lower-tier space has been more resilient, but vacancy could be nuanced by eviction moratoriums.

Key Features:

• Analysis of the multifamily environment with less federal support

• Insight into shifting preferences and how suburban apartments could benefit

• Potential population migration trends to secondary and tertiary markets