Market Insights: Impact of COVID-19 on the Multifamily Industry, March 2022

The MRI Software Market Insights team has been analyzing data and tracking the impact of COVID-19 on the multifamily industry for two years. Summer of 2021 represented the first steps out of the COVID-19-induced upheaval of the multifamily industry, and now, in the first quarter of 2022, the multifamily market finds itself in a familiar position entering peak season: unemployment has returned to historical lows, housing demand continues to be strong, new supply continues to lag need and housing affordability is back in the headlines.

In multifamily, we see a number of positive metrics. The previous report covering data through Summer 2021 is available here.

Download the report to see the trends taking place in the US multifamily industry:

• Concession volume and value
• Occupancy changes
• Changes in lease pricing
• On-time rent payments