SPECIAL BULLETIN: COVID-19

We hope everyone is safe and are in good spirits.

The news cycle is quick and there are new developments hourly but I want to provide a summary of the activity effecting the apartment market below. While this is a global pandemic, the effects to the real estate markets will be local and regional. For example, while prepping for a company wide Round Table I was asked to host with three other agents from around the United States, we discussed April’s rent collections and guess what… GOOD NEWS. San Diego’s apartment rent collection seems to have fared the best. From large apartment owners, to several local property manager to first hand experience, it seems as if San Diego’s rent collections are around 90% for April. Compare that to the Bay Area of 70% and 80% in certain Chicago and Texas markets, it seems as if we have some positive news to report. Now, these are small sample sizes and more data is being collected, but you should be reading about this soon. In the meantime, enjoy the articles below to stay in front of these rapid changes and reach out if you need individual attention. I’m here if you need me.