Concessions, slightly sagging renewal rents and on-time rent payments are a few of the concerns mixed within a relatively upbeat report from the MRI Software Market Insights, "Reflecting on a summer of recovery for Multifamily," which examines data and trends through August 2021.
While concession volumes have settled down, the average concession value has remained high, with August showing a slight retreat toward baseline norms.
In addition to year-over-year comparisons, this report also includes a "comparison to baseline" for many of our metrics, looking at comparisons to the baseline performance in 2019. (The "comparison to baseline" looks at comparisons to the baseline performance in 2019.)
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
