With many Americans working and learning from home, multifamily properties are facing increased wear-and-tear, greater volumes of waste and recycling and demands for services.
CBRE provided NREI with an early look at its Global Real Estate Market Outlook 2020 Mid-Year Review report.
While many investors stayed on the sidelines as the pandemic disrupted the market, some still went ahead with new deals.
With their exterior access and outdoor common areas, garden-style apartments hold greater appeal for virus-wary renters.
The low rate environment continues to make it a good time to refinance apartment properties, assuming you can find a lender willing to cut a deal.
In the second quarter, the U.S. homeownership rate jumped to 67.9 percent, according to the Census Bureau.