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Tenants are largely still paying rent as government funding dwindles, report suggests
NYC retail rents below $700 for first time since 9/11
New York City retail rents have plummeted and ground floor lease availability hit record highs due to the coronavirus outbreak. FOX Business’ Lauren Simonetti with more.
Apartment dwellers nationwide are still making monthly rent payments despite the lack of government aid and high unemployment, a new report suggests.
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Around 87% of those living in apartments paid rent in full or partially by Aug. 13, new data from the National Multifamily Housing Council’s Rent Payment Tracker, which surveys 11.4 million professionally managed apartment unions nationwide, found as reported by The Real Deal. The data shows it was just a 2-point decrease compared to the same time period last year, before the coronavirus-fueled economy crash.