The industry's own research.
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Edmonton's rental market demonstrated resilience through 2025 with rents reaching new highs despite elevated vacancy and substantial construction activity, supported by strong population inflows of young adults attracted to affordability and employment in public administration, health care, logistics, and technology. The report projects that steady in-migration, improved labor conditions, and Edmonton's affordability advantage will sustain moderate, inflation-paced rent growth through 2026 as the market absorbs elevated completions.

The Tampa-St. Petersburg multifamily market is experiencing rebalancing as in-migration slows, with the metro projected to post its slowest annual population growth since 2011, and net absorption sharply declined in the second half of 2025 after six consecutive quarters above 2,000 units. Vacancy across Class A, B, and C properties remained in the 5 to 6 percent range heading into 2026, with construction deliveries expected to slow in some submarkets like West Pasco County-Hernando and the Peninsula while accelerating in Central Tampa and New Tampa-East Pasco County, though no deliveries are currently scheduled for 2027.

Phoenix's multifamily market is projected to recover in 2026 as supply completions fall nearly 50 percent and local inflation below 2 percent allows wages to catch up with asking rents, though performance will diverge by submarket. Class A properties in affluent East Valley and North Phoenix-Scottsdale corridors are expected to strengthen with reduced new supply competition, while Class B and C rentals in central and West Valley neighborhoods will face pressure from weaker job growth in manufacturing, logistics, and hospitality sectors.