Demand for top-tier apartment units is holding up as the U.S. multifamily market works through a wave of new supply. As a result, elevated vacancy levels are set to decline in higher-quality multifamily buildings with four- and five-star ratings across 2026.
Multifamily supply overhang begins to ease as renters fill new units
Accelerated supply drawdown signals initial progress toward market equilibrium
CoStar Analytics
December 16, 2025 | 8:34 P.M.
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