Multifamily

Orlando multifamily fundamentals strengthened in the second quarter as deliveries slowed and renter demand exceeded new supply.

Raleigh-Durham multifamily construction activity continued to moderate, with units under construction declining 21% year over year.

Nashville multifamily fundamentals strengthened in the second quarter as vacancy tightened and rents posted their strongest quarterly gain since 2022.

Tucson multifamily fundamentals strengthened in Q2 as vacancy posted its largest quarterly decline since late 2020 and rents recorded gains.

Oklahoma City and Tulsa multifamily vacancy fell to a four-year low as supply pressures eased.

The Minneapolis-St. Paul multifamily market recorded 3.5% annual rent growth and a 4.6% vacancy rate in Q2 as supply pressures continued to ease.

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Philadelphia multifamily rent growth accelerated to 2.3% year over year during quarter two, with suburban performance outpacing urban submarkets.

Washington D.C. multifamily investment sales activity accelerated during the second quarter, with the number of trades nearly doubling year over year.

Denver multifamily fundamentals strengthened during the second quarter, supported by employment growth and elevated absorption.

Chicago multifamily investment sales gained momentum in the first half of 2026, with transaction counts increasing 50% year over year.

Austin multifamily vacancy declined 120 basis points in Q2 while effective rents increased 1.8%, signaling improving market fundamentals.