Don't expect significant increases in apartment rents in the first half of 2021.
Brad Dillman, chief economist at Cortland, an Atlanta-based multifamily investment and management firm, tells Ellen Chang, writing for ApartmentGuide, that stable rental prices should help those who have lost jobs temporarily or had their hours slashed.
But in the second half of the year, Denver, Atlanta, Phoenix and Raleigh-Durham, could likely see an increase in rent prices.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
