Rental Returns

Through November, 93.6% of renters living in large, professionally managed market-rate apartment buildings paid their November rent. Last year, the percentage was 95.2%, a 1.6 percentage point decline. In October, the decline was 1.8 percentage points, in September 0.9 points, in August 1.3 points in July 0.9 points and in June just 0.1 points. While the deterioration is not huge, it is painfully apparent and steadily worsening.