07/13/2020 | Press release | Distributed by Public on 07/13/2020 08:15
Only 59.3% of New Yorkers paid rent by July 6
HousingWire (July 13, 2020) -- Multifamily housing saw fewer tenants making their rent payments for July as the COVID-19 pandemic worsened.
According to RealPage and the National Multifamily Housing Council's research, 77.4% of renters living in professionally-managed apartments in the U.S. made their rent payment as of July 6. This has ticked down slightly from a year ago when it was 79.7%.
Monthly payments received by July 6 came from 83.5% of residents in Class A properties, the most luxurious apartments, while 81.5% from those living in Class B properties and 68.9% from those living in Class C properties paid July's rent.
Read more at: HousingWire