Over the summer Commercial Observer conducted an industry-wide survey of multifamily owners to find out how they were coping with COVID-19 and rent collection, how they were grappling with the rent laws, and what they saw for the future of the sectors; CO learned that 54 percent of landlords had tenants who were missing rent; 44 percent were postponing rent increases and 34 percent were lowering rent; and more finds from a market in turmoil.
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Berdon LLP, founded in 1917, is one of the largest accounting and advisory firms in the U.S. With more than 400 professionals and staff, Berdon provides its clients with an array of accounting, tax, financial, and management advisory services. Through its specialized expertise and a team of more than 100 CPAs and advisors, Berdon’s Real Estate Practice advises many of New York’s — as well as the country’s — prominent real estate entities and is one of the largest Real Estate Practices in the nation.