Two South Florida counties are in the top five nationally for rent declines in the second quarter when the coronavirus pandemic sent unemployment rates soaring, especially in the region's hard-hit tourism market.

Multifamily investment continues to be attractive, even through the pandemic. However, with mass job losses across the country and severe economic dislocation, multifamily market fundamentals have shifted, and along with them market performance has changed as well.

A new report from Moody's Analytics REIS ranks the top five and bottom five markets for multifamily investment based on quarterly rent changes.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

Multifamily