Market Insights: The impact of COVID-19 on the Multifamily Industry, July 2020

The MRI Market Insights team continues its reporting on how the multifamily housing market is responding to the COVID-19 pandemic with additional data from the month of July.

This report compares January through July of 2019 with the same months in 2020, tracking data through the different phases of the resident lifecycle. While some of this data continues to indicate positive trends, other aspects present several negative drawbacks compared to last month’s data. The previous report covering multifamily data through June 2020 is available here.

Download the report to learn the continued impact of COVID-19 on multiple factors, including:

• New rental applications and move-ins
• Pricing adjustments
• Card payment volume
• Lease terms and renewals
• Landlord concessions