If the coronavirus’ impact is as strong as predicted, the fallout would upend multifamily rent growth in Lehigh Valley, where CoStar’s severe downturn forecast indicates that rents could drop in the near future.
Pennsylvania's Lehigh Valley Multifamily Rents Likely to Drop in Near Future
CoStar Insight: Unemployment Surge Will Lead to Spike in Vacancies, and Reduce Rent for Years
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