Saturday, July 13, 2024

Apartments could be the next real estate business to struggle

Add it to the litany of problems facing commercial real estate.
From The Times

July 13, 2024

Many rental properties, especially in the South and the Southwest, are in financial distress. And the number is growing.

The facing balconies of a pair of gray apartment buildings that resemble two-story townhouses. A sidewalk, grass, shrubs and trees appear in the space between the buildings. In the background, a parking lot, a swimming pool and a matching apartment building can be seen.

Christopher Lee for The New York Times

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