Survey Findings – The New York Multifamily Under Duress
10.01.20 | Industry Insights
Over the summer Commercial Observer, in partnership with Berdon LLP’s Real Estate Practice, conducted an industry-wide survey of multifamily owners. The survey report reveals how they are coping with COVID-19 and rent collection, how they are grappling with the rent laws, and what they see for the future of the sectors. Some of the findings include that that 54 percent of landlords had tenants who were missing rent; 44 percent were postponing rent increases and 34 percent were lowering rent. To receive a copy of this whitepaper, click on the link below.