The U.S. multifamily sector closed 2025 with easing demand, elevated supply, and rent growth that flattened after nearly two years of modest gains. The past year was marked by deceleration across several indicators as the market continued to adjust to three consecutive years of substantial new completions.
2025 marked a year of moderation across the US multifamily sector
Rent growth may resume once more balanced conditions return in the second half of 2026
CoStar Analytics
January 21, 2026 | 12:48 P.M.
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