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Las Vegas Tops U.S. in Rise of Apartment Tenants Not Paying Rent

Last month, 10.6 percent of the citys apartment tenants missed a rent payment, more than double the rate of a year earlier.

A report from RentCafe looks at which types of properties developers have most often repurposed as apartments.

Cost increases have been especially hard on developers who rely on wood frame construction to build low- and mid-rise buildings.

Multifamily owners and managers have adjusted to long-term life under COVID-19 by adapting how they offer amenities to residents.

That math will become easier for developers if more distressed properties become available at a steep discount.

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