“Like most market participants, we see a higher-than-usual level of uncertainty in the forward path of the economy given various recent governmental actions relating to tariffs and other matters,” EQR CEO Mark Parrell said on the call. “The impact of these actions on the larger economy and on our business are hard to estimate currently and will take some time to unfold.”
EQR is also monitoring Boston, which experienced some weakness in new lease pricing in Q1, but maintained stable occupancy.
We’re watching the headline risks in Boston because some of that pullback in the research funding on top of the life science and bio slowdown is what we’re trying to understand … as far as the impact on total demand,” Manelis said. “So far, it feels OK.”
Source: EQR hits all-time low for turnover | Multifamily Dive
