2022 MULTIFAMILY NATIONAL INVESTMENT FORECAST
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San Diego’s Extremely Tight Suburban Vacancy Rate Revives Class B/C Investment Activity
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BIDEN ADMINISTRATION EXTENDS CDC FEDERAL EVICTION MORATORIUM FOR THE LAST TIME
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High-paying job growth supports leasing. Following a strong second half of last year, San Diego ranks as one of the nation’s tightest rental markets. From July to December, more than 4,300 units were absorbed in the metro, placing year-end unit availability at its lowest point since 2003.
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Pandemic transforms commercial real estate. COVID-19 changed the world in early 2020 as efforts to curb the spread of the pandemic had a dramatic impact. Stay-at-home orders, the need to physically distance, and having to abide by health and safety protocols had harsh effects on many real estate sectors.
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The National Multifamily Housing Council (NMHC) found that 84 percent of apartment households made a full or partial rent payment by April 12 in its second survey of 11.5 million units of professionally managed apartment units across the country, up 15 percentage points from April 5.
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While this is a global pandemic, the effects to the real estate markets will be local and regional.
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CARES Act Helps Small Businesses Stay Open and Keep Employees With the Paycheck Protection Program (PPP)
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The San Diego City Council voted unanimously Wednesday to place a temporary moratorium on evictions of residents and small businesses that cannot make rent payments amid the coronavirus pandemic.
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Interest Rates Hit All-Time Low as Spread of Coronavirus Sparks Flight to Safety; Stability and Yield of Real Estate Reiterated by Stock Market Volatility
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