This week’s top multifamily storylines: study shows more renters moved in 2020 despite the pandemic, the complexity of apartment companies requiring vaccines, average rent due to exceed $6K for those behind on rent, LeaseLock hits $1B in leases insured, Lincoln gets ready to acquire Excelsior Multifamily and affordable housing set to get a boost from Biden’s infrastructure plan.
The top multifamily headlines this week: COVID’s impact on rent varies by neighborhood, the most common mistakes of a smart home retrofit for multifamily, smart access control provides assistance during pandemic, the top markets for apartment net absorption, the extension of the federal eviction moratorium and the strength of affordable housing lending.
Among this week’s most interesting multifamily storylines: utilizing tech without sacrificing personal connections, reflecting on multifamily’s COVID-19 response, package solutions that might be causing more problems, a look back at the last decade of multifamily transactions, the apartment markets dominating the pandemic era, and amenity must haves as the lockdown ends.
The global pandemic drastically altered the way people live their lives virtually overnight. But after everyone got past the immediate shock and exasperation of staying home, society began to adjust. Most notably, self-service appears to be here to stay, embracing a remote lifestyle.
With the multifamily industry entrenched in the world of social distancing, operators have been quickly implementing new technologies to help support operations. A new baseline of operations also influenced decisions to implement new technology.