08/21/2025
The multifamily market is stabilizing as of June 2025. Net absorption is up 20% to 531,000 units, completions down 9%, and vacancy at 8.1%. Modest rent growth at 0.9% with Class B leading demand. Sun Belt struggles, South Bend and SF thrive.
https://www.nar.realtor/research-and-statistics/research-reports/july-2025-commercial-real-estate-market-insights