Multifamily Florida - Summer 2020 - 32

A PA RT M E N TS
BY THE NUMBERS

Impact of the COVID-19 Pandemic on Multifamily Properties
SPECIAL ARRANGEMENTS MADE TO ASSIST RESIDENTS

Waive Late Fees

Forgive rent

Defer Rent

80%

80%

60%

60%

20%
0%

0%

Florida

Florida

Nationwide

11.4%

12.9%
1.6%

40%
14.6%

20.6%

100%

20%

2 0 2 0

10.6%

RESIDENTS WHO SKIPPED
OR WILL VACATE

100%

40%

Nationwide

RESIDENTS WHO PAID
MAY 2020 RENT ON TIME

Nationwide
2.5%

2.6%

6.3%

100%
80%

17.1%

24.1%

28.7%
28.4%

60%

86.2%

Florida

82.9%

S U M M E R

ON-TIME RENT PAYMENT IN MAY 2020
COMPARED TO APRIL 2020

9.5%
F L O R I D A

Early Lease
Termination

Nationwide

RESIDENTS WITH SPECIAL
ARRANGEMENTS

M U LT I FA M I LY

Extend Terms
of Lease

2.4%

Florida

Develop
Payment Plans

8.6%

1.0%

0%

1.7%

20%

18.1%

40%

20.2%

60%

72.1%

81.9%

80%

89.1%

92.2%

100%

40%
20%

45.5%

35.3%

0%

Florida
Significantly
Lower

Somewhat
Lower

Equal

Somewhat
Higher

Nationwide

Significantly
Higher
Source: ALN Apartment Data Inc.

32



Multifamily Florida - Summer 2020

Table of Contents for the Digital Edition of Multifamily Florida - Summer 2020

Multifamily Florida - Summer 2020 - Cover1
Multifamily Florida - Summer 2020 - Cover2
Multifamily Florida - Summer 2020 - 1
Multifamily Florida - Summer 2020 - 2
Multifamily Florida - Summer 2020 - 3
Multifamily Florida - Summer 2020 - 4
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Multifamily Florida - Summer 2020 - 7
Multifamily Florida - Summer 2020 - 8
Multifamily Florida - Summer 2020 - 9
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Multifamily Florida - Summer 2020 - 26
Multifamily Florida - Summer 2020 - 27
Multifamily Florida - Summer 2020 - 28
Multifamily Florida - Summer 2020 - 29
Multifamily Florida - Summer 2020 - 30
Multifamily Florida - Summer 2020 - 31
Multifamily Florida - Summer 2020 - 32
Multifamily Florida - Summer 2020 - Cover3
Multifamily Florida - Summer 2020 - Cover4
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