Market Insights: Impact of COVID-19 on the Multifamily Industry, July 2022

Multifamily industry data July 2022

The MRI Software Market Insights team continues to track the trends of the multifamily industry. This report looks at data from the 2020 pandemic era through July 2022 and provides year-over-year comparisons. The multifamily sector has seen a strong rebound from the effects of COVID-19, but the busy summer 2022 leasing season began to slow down as new lease prices peaked in June.

The previous report covering data from March 2020 – March 2022 is available here.

Download the report to see the trends taking place in the US multifamily market:

  • Increased prices for new leases
  • Decreased traffic and application volume
  • Higher renewal rates
  • Continued use of electronic payments

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45000+

Clients

20.1m

Units

4.2m

Leases

300+

Partners

170+

Countries