Market Insights: The impact of COVID-19 on the Multifamily Industry, September 2020

Data from the multifamily industry through September 2020

The multifamily market continues to be impacted by the COVID-19 pandemic. This MRI Software Market Insights report compares data from January through September 2020 with the same period in 2019 to track year-over-year changes and understand the effect of the disruption on the resident lifecycle.

Several multifamily industry metrics show signs of stabilization, while others indicate a sustained impact. Many factors are returning to normal levels, which is a positive sign, but landlord concession volumes continue to increase. As expected, technology adoption is still on the rise, and we see an increase in online applications, resident portal use, electronic payments, and more.

Download the report to learn the continued impact of COVID-19 on multiple factors, including:

  • Move-in volume
  • New lease terms
  • Landlord concessions
  • New and renewal lease pricing
  • Electronic payment volume driven by card usage

Our previous report covering multifamily data through August 2020 is available here.

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