Inland Empire Multifamily Market Report 4Q 2025

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.