Real Estate Innovations That are Here to Stay 

Credit: AZ Big Media

Economic News

Student Housing Seeing Slow Pre-leasing

Off-campus student housing properties around the country reported just 25.9 of Fall 2021 units had been pre-leased as of December 2020. At the same period in 2019, 32.4 percent had been pre-leased for Fall 2020. Uncertainty about in-person classes due to the pandemic is a leading contributor for students and parents taking a cautious approach to entering financial commitments on housing that may not be used. (Source

Real Estate Innovations That are Here to Stay 

Companies that wanted to survive the upheavals of the COVID-19 pandemic had to ramp up innovation and adaptability. Real estate was no exception, and technologies and innovations that had been making slow inroads now appear to be here to stay, including near-universal acceptance of e-signatures, virtual property tours and the use of online notary services. (Source) 

Resources 

Scottsdale Updates Help for PPP 

Scottsdale has updated its resources and information for small businesses looking to navigate round two of the Small Business Administration’s Paycheck Protection Program. Details, forms and additional information are available at https://www.choosescottsdale.com/media/covid19/paycheck-protection-program. (Source) 

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