A data-driven analysis of the impacts of the pandemic on the North American Multifamily market
In March 2020, the U.S. economy experienced a dramatic slowdown as measures were put in place to contain the public health outbreak of COVID-19. This resulted in immediate, unprecedented impacts on the multifamily real estate industry, including substantial changes to leasing activity, operations, and behaviors of renters.
In this report, the MRI Software Market Insights team explores data across different phases of the resident lifecycle. It covers year-over-year and recent trends, specifically comparing February, March, and April of 2019 with the same months in 2020 to provide metrics that quantify the disruptions felt by multifamily professionals during this period.
Download the report to learn the impact of COVID-19 on a variety of factors, including:
- New rental applications and move-ins
- Lease terms and renewals
- Landlord concessions
- Pricing fluctuations
- Occupancy rates
- Resident portal usage