2 South Florida Counties Rank High Nationally for 2Q Rent Declines
A Moody's Analytics REIS report examines rents as the coronavirus pandemic sent unemployment rates soaring, especially in South Florida's hard-hit tourism market.
September 03, 2020 at 01:00 PM
3 minute read
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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