Orange County Multifamily Market Report Q1 2026
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
Published by Kidder Mathews. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Kidder Mathews
- Obtained from
- Kidder Mathews
- Published
- Mar 31, 2026
- Last updated
- Jun 28, 2026 (1 month ago)
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