On-Time Rental Payments in US Non-Institutional Sector Dip Slightly in July
In July 2026, on-time rental payments for non-institutional properties across the U.S. fell slightly to 83.2%, according to Chandan Economics. The decline is attributed to seasonal summer patterns and follows a modest downward trend that began earlier in the year. Despite this dip, payment rates remain above July 2025 levels when the market experienced sharper declines. The data covers over 60,000 units tracked via RentRedi and indicates stabilization rather than distress within the sector. While late payments have decreased from their first-quarter peak of 13.5% to 11.8%, they still remain above pre-pandemic averages. Regional performance varied significantly with Western states like Alaska, Colorado, and Utah leading in on-time payment rates. Chandan Economics forecasts a full-payment resolution rate of 95.4% for July, suggesting that although many tenants pay late, most eventually settle their balances. This supports cash flow for landlords despite ongoing economic pressures such as high living costs and credit card delinquencies.
Topics: commercial real estate mom-and-pop landlords on-time payments regional performance seasonality