Actionable Insights

• Innovative solutions for resident well-being
• Developing a no-touch ecosystem
• Reprogramming amenities using adaptive innovation
• Addressing renters’ technology expectations

Unemployment claims surged by 33 million from March to the beginning of May as the COVID-19 pandemic spread across the nation. Due to the severity and rapid slowing of the economy, the federal government under the CARES Act has begun providing an additional $600 per week in expanded unemployment compensation to those receiving state unemployment benefits. Under the current legislation, the expanded unemployment compensation will be available through July 31st.

One subject Marcus & Millichap’s Institutional Property Advisors tackled in a webinar is the changes will a new no-touch social norm bring about in apartment properties.

“This is a crisis like none of us has ever experienced,” behavioral psychologist Mary Campbell said at the outset of a webinar presented Thursday by Marcus & Millichap’s Institutional Property Advisors division. She said the phrase that most aptly described the ongoing COVID-19 pandemic was “a long emergency.”

• Underwriting post-COVID-19 renter behavior
• Discussion of new renter preferences and space consumption
• Aligning investment strategies with a staged recovery
• Exploring the repercussions of COVID-19 on individuals with varying levels of impact

The economic and capital market disruption from the COVID-19 virus will take months to measure. In response to recent events, IPA designed a survey to gauge the market sentiment and activity of multifamily developers across the United States. The respondents of the survey have 597 multifamily projects in the development pipeline totaling 186,969 units.

• Real-Time Transactional and Capital Markets Overview
• Demand Assessment/Navigating Operational Challenges
• Impact of Legislative Responses to the Health Crisis

The commercial real estate industry is bracing for disruption brought on by the coronavirus crisis, but a new survey by Institutional Property Advisors (IPA) suggests that the multifamily market may be a safe place to shelter during a time of turbulence.

The economic and capital market disruption from the COVID-19 virus will take weeks, if not months, to measure. In response to recent events, IPA designed a survey to gauge the market sentiment of multifamily owners, operators, and developers representing nearly 900,000 units across the United States.