The Los Angeles multifamily market weakened considerably in 2025. Vacancy rates have risen from 5.0% from the beginning of the year and are projected to close between 5.7% and 5.8%. This year nearly 11,000 units were completed, up 17% from 2024, while net absorption fell by about 67%. For the first time since 2020, rent growth is expected to turn negative, reflecting significant changes since January. Below is a breakout by best- and worst-performing submarkets:
In 2025's weak Los Angeles multifamily market, a few spots find their place in the sun
A year in review of the factors that affected submarkets' performance
CoStar Analytics
December 22, 2025 | 10:01 P.M.
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