Multifamily

After three years of elevated construction activity, multifamily deliveries in Albuquerque are projected to slow in 2026.

Multifamily deliveries in Tampa, Florida slowed 30% from 2024 levels, while absorption remained elevated.

Multifamily transaction activity in Kansas City hit a near-decade high in 2025, with absorption posting its strongest annual total since 2021.

San Antonio multifamily investment activity held steady from 2024 to 2025, as new construction continued to decline.

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Multifamily transaction activity in Philadelphia rose 39% in 2025 compared with 2024, supported by strong market fundamentals.

St. Louis’ multifamily fundamentals strengthened in 2025, driven by renter demand in the area, amid slowing construction activity.

Multifamily construction in Las Vegas slowed in 2025, with deliveries dropping about 30% to nearly 4,000 units.

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Chicago’s multifamily sales activity recorded a 32% increase in the number of deals compared with 2024.

Austin’s multifamily vacancy posted its first annual decline since 2021 as the development pipeline continues to shrink.

Central Valley’s multifamily transaction activity accelerated by more than 50% from 2024, while cap rates compressed modestly.