RENT Magazine Q3 '21

Overall, leasing velocity is down, meaning that it takes more time to fill a unit than it did before the pandemic. Despite an increase in leads per unit and applications per unit, showings per unit are slightly down, suggesting that tenants and landlords are being more selective about meeting face to face.

whether for pre-screening, rental applications themselves, or online showings. We think these measures have improved tenant retention and kept the rental velocity from tanking further.

CBRE also projects that total rental property investment will grow 33% in 2021. These projections show an end in sight and present the pandemic as a storm that can be weathered. Online Adaptations Because personal safety during the pandemic has depended on minimizing in-person interaction, both tenants and landlords have shown an increased preference for doing business online.

How many landlords had to sell because of COVID?

6% of residential 16% of student housing 12% of commercial According to CBRE, real estate investment reflects this trend:

During the pandemic

45% of landlords report spending longer to fill a unit while prior to the pandemic. 75% of units were filled within a month whereas during the epidemic, this number was about 50%.

50% went towards residential 10% went towards student housing 40% went towards commercial

We’ve seen a massive shift toward online interaction,

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