Multifamily

Vacancy tightened and asking rents continued to climb in Hampton Roads during the second quarter, supporting improving multifamily fundamentals.

Atlanta’s multifamily vacancy rate fell 60 basis points during the second quarter to 5.8% as demand outpaced new supply.

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Northeast multifamily construction activity continued at an elevated pace, with roughly 13,800 units delivered year to date.

Kansas City’s multifamily development pipeline remained elevated at midyear, with approximately 6,300 units under construction.

Dallas-Fort Worth multifamily absorption far outpaced new supply in Q2 2026, bringing the year-to-date total to nearly 20,000 units.

St. Louis multifamily investment activity reached one of its strongest first-half totals of the decade through the second quarter of 2026.

Portland multifamily project completions slowed in the first half of 2026, with deliveries down 53% from the same period of last year

Los Angeles multifamily activity accelerated in 2026, with roughly 40% more properties trading through midyear than during the same period in 2025.

Albuquerque multifamily fundamentals improved in the second quarter, with vacancy declining and asking rents rising.

Central Valley multifamily development activity accelerated in the second quarter, with the construction pipeline expanding 44% year over year.

Explore 2026 multifamily market trends as we analyze economic shifts, supply-demand dynamics, vacancy rates, rents, and investment opportunities.