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Orlando's multifamily market delivered 9,503 units in the past 12 months (expanding inventory by 4.4%), but construction activity declined 34.1% year-over-year to its lowest level since 2020, with stabilized occupancy falling 70 basis points to 92.0% and effective rents declining 2.1% to $1,804 per month. Net absorption totaled 1,866 units through 2026 year-to-date, down nearly 1,000 units annually, with I-Drive Orlando and Southwest Orlando submarkets leading the region in absorption despite high new supply levels.

Tampa Bay's multifamily market delivered 1,059 units in Q1 2026 (down 54.7% year-over-year), with 31 buildings totaling 8,908 units under construction, while stabilized occupancy fell to 91.0%, the lowest level in a decade, and effective rents declined 4.9% year-over-year to $1,806 per square foot. Investment activity remained strong with $2.0 billion in total sales, the second-highest volume in Florida, at an average sale price of $231,000 per unit, though select submarkets including East Tampa (95.5% occupancy) and Downtown Tampa (93.4% occupancy) continued to perform well.

The Kidder Mathews Orange County Multifamily Market Report for Q2 2026 documents market conditions including a 4.3% vacancy rate (up 50 basis points year-over-year), average asking rents of $2,727 per unit monthly (1.8% year-over-year increase), 3,258 units delivered year-to-date (311.4% increase from 2025), and 1,615 units of net absorption year-to-date (29.8% increase from 2025). The report notes that average multifamily sale prices declined to $338,935 per unit (7.0% year-over-year decrease) with cap rates expanding to 5.0%, while units under construction fell 49.7% to 3,093 units as major projects including Pacifica Place at Irvine Spectrum (1,100 units) and Meridian at The Market Place (831 units) were completed by April 2

San Antonio's multifamily market in Q1 2026 experienced improving supply-demand alignment with units under construction declining 32.0% year-over-year to 4,650 units while deliveries totaled 2,083 units and net absorption reached 641 units across the metro. Effective rents declined 3.7% year-over-year to $1,214 per unit with stabilized vacancy at 14.1%, up 220 basis points annually, while investment sales activity increased meaningfully with 10 transactions totaling 1,692 units compared to one transaction of 70 units in Q1 2025.

This is a market report published by Colliers in Q1 2026 covering the multifamily sector in Sacramento, California.

This Kidder Mathews report analyzes the Inland Empire multifamily market in fourth quarter 2025, presenting rental rates by unit size (studio to 3-bedroom ranging from $1,379 to $2,255 monthly), transaction data, and construction activity across the region. Key findings show vacancy increased 40 basis points year-over-year to 6.3%, average asking rents rose 1% to $1,937 per unit monthly, average sales price per unit declined 7.8% to $214,901, and cap rates increased 40 basis points to 5.9%, while construction deliveries for the year totaled 5,575 square feet, up 14% from 2024.

San Antonio's multifamily market showed a 93.0% occupancy rate and average asking rent of $1,231 as of Q3 2025, with 5,882 units delivered year-to-date and 7,827 units of net absorption. The market is expected to experience sharp supply declines in 2026 to approximately 4,800 units under construction (a 76% reduction from 2Q23 peak), positioning the market for strong rent growth from 2027 to 2029, supported by San Antonio's 1.0% population growth during 2024 and economic drivers including advanced manufacturing, data centers, cybersecurity, and the South Texas Medical Center's $18 billion annual impact.

The Seattle multifamily market in Q2 2026 showed declining vacancy at 6.7% (down from 7.0% year-over-year), modest rent growth to an average of $2,048 per unit, and net absorption of 6,085 units year-to-date, while construction deliveries declined 53% to 3,813 units with approximately 19,368 units remaining under construction. Investment activity reflected lower per-unit pricing at $276,610, down 14.75% year-over-year, with net absorption continuing to outpace new supply and supporting overall market stability.

The Kidder Mathews report tracks San Diego's multifamily market in first quarter 2026, reporting a vacancy rate of 5.4%, average asking rent of $2,417 per unit, and average sales price of $369,930 per unit, with year-over-year changes of 50 basis points in vacancy, flat rental rates, and a 2% decline in sales prices. Significant transactions in the quarter included The Resort at Encinitas selling for $109.995 million and Dylan Point Loma for $91 million, while 2,430 square feet of new construction was delivered and net absorption totaled 1,850 square feet.

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.

This is a market report published by Colliers at the end of 2025 covering the multifamily sector in Orange County, California, with national scope. The report presents research findings for the fourth quarter of 2025.

This is a data report published by CBRE on June 30, 2025 presenting multifamily housing figures for the second quarter of 2025 in Washington DC. The report covers the multifamily sector with geographic focus on Washington DC and national markets.

The Phoenix multifamily market in Q2 2026 experienced improving fundamentals with vacancy declining to 11.3% (down 40 basis points year-over-year) and net absorption of 9,414 units year-to-date (up 50.24% compared to the prior year period), while construction pipeline activity contracted 35.45% to 15,974 units under construction. Average asking rents declined 2.17% year-over-year to $1,536 per month, cap rates compressed to 5.8% from 6.6%, and average sale price per unit increased 3.64% to $266,672, reflecting stronger investor sentiment as the market absorbs recent supply additions.

Austin's multifamily market in Q1 2026 experienced negative rent growth of 4.7% with asking rents averaging $1,500 per unit and a 13.5% vacancy rate, reflecting oversupply from 14,600 units under construction. Despite soft fundamentals, the market absorbed 3,800 units during the quarter, exceeding the 2,000 units delivered, though a large construction pipeline is expected to sustain competitive pressure and limit near-term rent recovery.

During Q1 2026, multifamily net absorption in Phoenix reached 6,261 units, representing the strongest quarterly performance in at least the last 26 years. The total overall vacancy in the metro Phoenix retail market was 5.0% during the first quarter of 2026.

Miami's multifamily market delivered 1,956 units in Q1 2026, up 53.5% year-over-year, with a construction pipeline of nearly 13,800 units concentrated in Downtown Miami at 30.7% of development activity, though stabilized occupancy declined 80 basis points to 94.2% as vacancy rose above 9.0% from cumulative supply growth of 41.1% since 2020. Effective rent totaled $2,641 per unit in Q1 2026, down 1.0% year-over-year, while net absorption of 2,195 units marked the highest quarterly figure since Q3 2021, with investment momentum carrying into early 2026 at over $73 million in transactions and a price per unit of nearly $398,000.

Cushman & Wakefield's Q2 2025 Atlanta multifamily report documents 9,785 units of net absorption year-to-date, reaching 90.6% stabilized occupancy, while effective rents stood at $1,651 per unit with 14,386 units under construction across the metro. Atlanta's economy remained stable with 3.1 million total nonfarm employment and a 3.5% unemployment rate, with corporate relocations from Mercedes-Benz, TriNet, and AIG supporting continued multifamily demand.

The Chicago multifamily market achieved 95.0% occupancy by year-end 2025, up 0.1 percentage points year-over-year and above the 10-year average of 93.7%, with effective rents rising 3.7% to $1,913 per unit. The market absorbed 5,130 units in 2025 (down 51.3% year-over-year) while delivering 4,949 units (down 43.1% year-over-year), with 26,845 proposed units in the pipeline and 9,735 units under construction as of Q4 2025.

This Dallas-Fort Worth Multifamily Market Report for the fourth quarter of 2025, published by Newmark, covers the DFW multifamily real estate market, economic overview, transaction trends, and market fundamentals. Key findings include that DFW added more new jobs than 41 states in 2024, is home to over 8.4 million residents with 760,000 people added since 2019, and Newmark holds a 28% market share in Texas multifamily sales with $27.8 billion across 668 properties.
Melbourne's CBD office vacancy stood at 19.7% as of Q1 2026, but JLL analysis distinguishes between frictional, entrenched, and structural vacancy, identifying approximately 4.0% of secondary stock as structurally vacant and 6.0% of prime stock as entrenched vacant, suggesting only 9.7% of the headline figure represents genuinely competitive space. The research attributes elevated vacancy primarily to supply-driven factors, with 675,000 square meters of new office space completed between Q1 2020 and Q1 2026 (12.5% of total stock), and identifies building obsolescence as a key driver, with older assets from the 1980s or earlier representing 58.4% of secondary stock and containing 120,500 square meters of structural vacancy concentrated in the Western Core precinct.

This is a data and figures report published by Northmarq on December 31, 2025, covering multifamily vacancy trends in Houston and national markets, documenting the first quarterly decline in vacancy rates in over two years.

This is a market report published by Northmarq on December 31, 2025, covering the multifamily sector in Phoenix, Arizona. The report addresses sales velocity and multifamily absorption trends in the Phoenix market.

This is a market report published by Northmarq on December 31, 2025, covering multifamily transaction activity in the Midwest with a focus on Chicago. The report addresses the multifamily residential sector across Chicago, Illinois, and national markets.

This Q3 2025 report from Avison Young analyzes U.S. multifamily market conditions, finding that average monthly mortgage payments exceed average multifamily rents by $825, creating strong rental demand that is keeping pace with new deliveries at the lowest supply-demand gap since 2021. The report documents a 47.4% decline in new construction starts between 2024 and 2025 year-to-date, resulting in rent growth of 0.9% through Q3 2025—the highest rate since 2022—with major coastal markets experiencing above-average rent increases while high-supply Sunbelt markets face downward pressure, and year-to-date multifamily sales volumes reaching their highest levels since 2022 with 60% of available investment capital targeting multifamily assets.

This is a market report published by Northmarq in September 2025 covering the multifamily sector in Houston, Texas, addressing changes in the construction pipeline.

This is a market report published by Northmarq in June 2025 examining the multifamily sector in Austin, Texas, with a focus on the relationship between renter demand and new unit deliveries during the first half of the year.

This is a market report published by Northmarq in March 2025 covering the multifamily sector in Denver, Colorado. The report examines conditions in the Denver multifamily market in relation to supply dynamics.

Major U.S. markets absorbed more than 72,000 multifamily units in Q1 2025, with absorption at 25.2% of 2024's full-year total and multifamily sales activity increasing 9.7% compared to Q1 2024. Development activity is projected to slow significantly by 2026 while effective rents have increased only 1.7% since 2023, though 66.4% of units under construction are expected to deliver in 2025, which combined with slowing future construction may place upward pressure on occupancy and rental rates.

The Kidder Mathews report analyzes Seattle's multifamily market in first quarter 2026, finding vacancy at 7.1%, average asking rents at $2,004 per unit, and average sales prices at $202,189 per unit, with year-over-year changes of -20 basis points in vacancy, 0.3% in rents, and -18% in sales prices. The report documents significant transactions including four property sales ranging from $15.8 million to $78 million, five major projects under construction with expected deliveries between 2Q 2026 and 3Q 2027, and five completed developments totaling 1,204 units delivered in early 2026.

This is a quarterly market report published by Colliers in March 2026 covering the multifamily sector in South Florida. The report covers geographic areas including Miami and Florida as well as national context.

This Kidder Mathews report analyzes the Phoenix multifamily market in first quarter 2026, presenting data on vacancy rates, rental prices, construction activity, and significant transactions across the region. Key findings include a vacancy rate of 11.8% (down 10 basis points year-over-year), average asking rents of $1,535 per unit (down 3% year-over-year), construction deliveries of 2,978 square feet (down 28% year-over-year), and average sales prices of $221,942 per unit (down 12% year-over-year).

This is a first-quarter 2026 market report published by Colliers covering the multifamily sector in the Puget Sound region, which includes Seattle and Washington State. The report provides market analysis relevant to the multifamily residential real estate sector in this geographic area.

The Kidder Mathews report covers the Los Angeles multifamily market in first quarter 2026, presenting key metrics including a vacancy rate of 5.6%, average asking rents of $2,292 per unit monthly (flat year-over-year), average sales prices of $282,900 per unit (down 8% from 1Q25), and an average cap rate of 5.7%. The report details significant transactions, under-construction projects totaling 26,044 square feet, completed deliveries, and market trends showing construction deliveries down 23% year-over-year and net absorption down 83% compared to the prior year quarter.

This is a multifamily market report for the Greater Phoenix area published by Colliers in the first quarter of 2026. The report covers residential apartment market conditions and metrics in the Phoenix, Arizona region.

The U.S. multifamily market absorbed 355,000 net apartment units in 2025, the third-strongest year in 25 years, while 400,000 new units were delivered—a 26% decline from 2024—pushing vacancy to a record high of 9.3% and causing national asking rent growth to slow to just 1.1% year-over-year, the weakest annual gain since the pandemic. The construction pipeline has contracted materially to about 50% below its cycle peak, signaling stabilizing fundamentals and pointing to a gradual recovery in rents and occupancies over the coming years as supply continues to shrink.

This is a market report published by Colliers on December 31, 2025, covering the multifamily sector in Austin, Texas. The report presents data and analysis for the fourth quarter of 2025.

This is a multifamily market report for the Greater Phoenix area published by Colliers as of the fourth quarter of 2025. The report covers the residential rental sector in the Phoenix, Arizona market.

This is a multifamily market report published by Colliers in December 2025 covering the Houston market in the fourth quarter of 2025.

This is a market report published by Colliers on December 31, 2025, covering the multifamily sector in the Dallas-Fort Worth area. The report presents fourth-quarter 2025 data and analysis for the residential rental market in this Texas metropolitan region.

This is a market report published by Northmarq on December 31, 2025, covering multifamily sales activity in the Dallas-Fort Worth metropolitan area as the year closed. The report addresses the multifamily sector with geographic focus on Dallas-Fort Worth, Texas, and national context.
The October 2025 National Multifamily Market Report by Yardi Matrix documents declining advertised rents across the U.S. multifamily sector, with average asking rent falling $4 to $1,743 and year-over-year growth remaining flat at 0.5%, while multifamily absorption slowed to 110,000 units in Q3 compared to a 185,000-unit average in the first two quarters. Gateway and Midwestern markets showed strength with New York leading at 4.7% year-over-year rent growth, while Sun Belt and Western metros experienced declines, with Austin dropping 4.8%, and occupancy remained stable at 94.7% in September.

This is a market report published by Northmarq in September 2025 covering the multifamily sector in Dallas, examining the construction pipeline and its recent contraction to levels near a 10-year low.
The September 2025 National Multifamily Market Report from Yardi Matrix documents declining rental conditions across the U.S. multifamily sector, with average advertised asking rents falling $6 to $1,750 and 67 of the top 30 markets experiencing month-over-month rental decline. The report highlights year-over-year rent growth of only 0.6%, occupancy rates holding steady at 94.7%, weakness in supply-constrained Sun Belt markets like Denver and Austin, and projected declines in household formation that may moderate multifamily demand growth over the next decade.

This is a market report published by Colliers in September 2025 covering the multifamily sector in the Greater Phoenix area.

In the third quarter of 2025, U.S. apartment net absorption reached 102,600 units—on track for the third strongest year since 2000—while asking rent growth slowed to 1.5% year-over-year as owners prioritized occupancy over rent increases amid economic uncertainty. The construction pipeline contracted significantly, with quarterly deliveries falling 27% year-over-year to 109,000 units, and units under construction declining to 454,371—the lowest level in a decade—signaling a meaningful slowdown in new supply with quarterly deliveries expected to remain under 100,000 going forward.
The August 2025 National Multifamily Market Report from Yardi Matrix documents U.S. rental market trends showing average advertised asking rents declining $1 to $1,755 monthly but rising 0.7% year-over-year, with regional variation where Midwest and Northeast markets led growth while Sun Belt metros experienced rent declines. The report highlights that single-family build-to-rent homes reached a new record average rent of $2,208 in August, national occupancy remained stable at 94.7%, and over 400 pro-housing bills were introduced by legislators to address housing supply expansion.

In Q1 2025, the U.S. multifamily sector absorbed 101,951 units with 2.0% year-over-year rent growth and a 9.0% national vacancy rate, as demand outpaced the 94,766 units delivered—the first time supply constraints have tightened since 2021. The construction pipeline contracted to 545,357 units under construction (34% lower than a year prior, returning to 2018 levels), with the South region accounting for 53% of net absorption led by Dallas/Fort Worth and Phoenix, while rent growth remained concentrated in the Northeast and Midwest markets despite widespread use of concessions suppressing effective rent gains.

This is a quarterly market report published by Colliers on December 31, 2024, covering the multifamily sector in Austin, Texas. The report provides market analysis and data for the fourth quarter of 2024.

The Cushman & Wakefield U.S. Multifamily MarketBeat Q4 2024 report analyzes apartment market fundamentals across 90 tracked markets, finding that 2024 delivered record absorption of over 436,000 units—72% above 2023 and 56% above the 2017-2019 average—yet vacancy rates still climbed to 8.9% nationally due to delivery of more than 530,000 new units. Construction activity has declined 40% from peak levels with only 230,000 new starts in 2024 (the lowest since 2012), positioning the market for tighter supply conditions over the next three to four years as most apartments scheduled for 2028 delivery have already broken ground.

This is a first-quarter 2026 market report published by Colliers covering the multifamily sector in the Greater Boston area.

This is a multifamily housing market report for Greater Los Angeles published by Colliers in the first quarter of 2026. The report covers residential apartment and rental property market conditions in the Los Angeles area.

This is a first-quarter 2026 data report published by CBRE covering multifamily market figures for the Inland Empire region, with geographic focus on the Los Angeles and California areas.

This is a Q1 2026 multifamily data report published by CBRE covering the Philadelphia metropolitan area. The report presents figures on the multifamily sector for the first quarter of 2026.

This is a first-quarter 2026 market report published by Colliers covering the multifamily sector in Austin, Texas.

This is a first-quarter 2026 market report published by Colliers covering the multifamily sector in the Dallas-Fort Worth metropolitan area.

This is a first-quarter 2026 multifamily market data report published by CBRE focusing on the Denver, Colorado market.

This is a first-quarter 2026 multifamily market data report published by CBRE covering Los Angeles, California.

This is a multifamily market report published by Colliers on March 31, 2026, covering the Houston market in the first quarter of 2026.

This is a multifamily market forecast report published by Berkadia in January 2026 covering the Houston market. The report includes outlook analysis for the multifamily sector and references national geographic scope in addition to the Houston-specific focus.

This is a market report published by Berkadia on December 31, 2025, covering the multifamily sector in Denver, Colorado with national context.