Apartment Industry Top Concerns

Industry News,

A number of prominent issues affecting the multifamily industry — including rent control, fees and antitrust concerns — have been subject to increasing levels of legal and legislative action over the past year, according to panelists at the National Apartment Association’s Apartmentalize Conference in Philadelphia earlier this month.

“The industry is not feeling the love,” said Ayiesha Beverly, general counsel for the National Apartment Association.

2020 and 2021 saw a sharp drop in multifamily-related legal proceedings relative to 2019, down from over 425,000 to under 250,000, owing to COVID-19 lockdowns that affected courts nationwide. However, numbers have rebounded in recent years, with well over 100,000 cases filed so far in 2024. Florida leads the nation in state court multifamily actions, followed by Georgia and Virginia, according to the NAA.

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