There’s a new threat to affordability that is jolting the rental apartment real estate industry, especially those in market-rate and affordable multifamily housing: insurance premiums.
One industry specialist predicted that insurance costs for next year will be hiked 20 percent on average in the multifamily category and as much as 200 percent in high-hazard zones. Sudden, whopping new premiums over the last five years are driving rents even higher –
Source: Rampant Insurance Increases Are Stifling Housing Production – Banker & Tradesman
