Los Angeles Multifamily Market Report - Q1 2026

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.