Multifamily Rent Income Stable Despite Recession

The economic effects of the coronavirus outbreak continue to disrupt real estate markets across the country, but multifamily properties are still getting most of their rent. Most of the bad news has come from retail rentals to now troubled businesses. Also, single-family rentals and low-income housing has not fared as well.

An article from CNBC explains:

Apartment rent collections were also strong in May, remaining at 95% of a typical month and basically flat with April collections. Apartment landlords responding said they granted rent deferrals for 3% of rent owed.