Renters struggled in 2020, but in the Oklahoma City area they mostly kept their rent paid up, and it shows in the apartment sales data for the year.
As "difficult and unpredictable" as it was, "the roller coaster ride may have been more emotional than financial," said Mike Buhl, broker-owner of multifamily property brokerage Commercial Realty Resources Co. in Norman. "The effects of COVID‐19 on the multifamily sector have so far proven to be more of an interruption than a trend. . Renters have prioritized rent payments."
Collections were largely unfazed, and rents are on the rise. Occupancies remain firm.