What to Do About Vacancies During COVID-19

Posted On: May 18, 2020

Do you have vacancies that you are not able to interview and fill as a result of COVID-19?

vacancies

In April, CBRE Group, Inc. predicted COVID-19’s impact on the U.S. economy would lead to “increased multifamily vacancy and declining rents” through May. Add to that an estimated 6.3% vacancy rate overall by the third quarter of this year. CBRE Econometric Advisors expect a recovery to begin in the Q4.

So what can you do to keep your property solvent until then? The U.S. Department of Housing and Urban Development talked about what you can do about vacancies in the latest Multifamily Coronavirus Q & A.

Watch the video below for HUD’s answer.

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