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Monday, February 22, 2021
Still fighting: Block says Kansas City multifamily market isn’t done battling through pandemic


By: Dan Rafter

Source: https://rejournals.com/still-fighting-block-says-kansas-city-multifamily-market-isnt-done-battling-through-pandemic/

Block Real Estate Services sums it up nicely: The Kansas City multifamily market has battled its way through the COVID-19 pandemic.

It's true that this market - a stong one - did suffer from the pandemic. That's expected. But what's impressive, and what's detailed in Block's 2021 Market Report, is that the apartment sector remained strong despite the challenges brought on by COVID-19.

Thanks largely to the impact of the pandemic, the overall vacancy rate in the Kansas City-area multifamily market rose to 8.2 percent by the end of last year. But, that increase happened in a market in which developers delivered 5,922 new multifamily units.

Read the full article: https://rejournals.com/still-fighting-block-says-kansas-city-multifamily-market-isnt-done-battling-through-pandemic/

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Tags:    Block Real Estate Services   Multifamily   BRES