Friday 24 July 2020

Rent collection jumps in NYC, ebbs in US

The owners of 400,000 New York City rent-stabilized apartments reported that rent collection improved markedly in early July, while a national survey found collection in market-rate apartments slipped. Their trade group Community Housing Improvement Program reported that 17.7 percent of residential tenants paid no rent in the beginning of the month, down from roughly 25 percent during the same periods in April, May and June. That represents a 29% improvement in the non-payment rate. The



source https://therealdeal.com/2020/07/24/rent-collection-jumps-in-nyc-ebbs-in-us/

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