Multifamily

New leases in Manhattan declined by 71 percent in April compared to a year earlier.

Agencies, life companies, banks and other sources have shown a willingness to do deals on well-positioned assets.

New technologies let apartments shoppers to check out potential homes without ever being in the presence of a leasing agent.

More than 26 million people have filed for unemployment in the five weeks since cities and state began to order non-essential businesses to close.

Potential buyers are making low ball offers and asking for clauses to let them back out of purchases.

While many tenants were able to pay rent in April, continuing shutdowns mean more federal assistance might be necessary to help workers forced to stay at home.

The question for developers now is how many of those units will actually come online and how quickly new units will be filled.