Record Q2: Multifamily Absorption Hits New High

Q2 Demand Just Set a Multifamily Record.

What happens when two renters compete for every one new unit?

Net absorption hit record highs of 188,200 units in Q2, pushing vacancy down to 4.1% and ending a two-year rent growth slump with 1.2% YoY gains. ¹

CBRE’s latest data signals a major shift in momentum—and developers are taking notice.

 

What’s Fueling the Shift?

• Demand is outpacing new supply—by over 2:1

• Pre-stabilized units are leasing faster than expected

• Starts are slowing as financing tightens

Boise, ID: Just 516 new units delivered, yet occupancy climbed to 95.6%.²

What’s Next?

Rent growth is expected to pick up through mid-2026 as inventory tightens.

• Investors are shifting to undersupplied markets like the Midwest.³

Build to Meet Today’s Demand — Faster

The multifamily market is moving fast. BASE4 helps developers:

• Design smarter to match market absorption trends

• Get approvals faster with complete, compliant plans

• Cut build times using modular and prefab-ready designs

Nationwide, renters are snapping up units twice as fast as they’re built.

~ CBRE Q2 2025 Multifamily Figures

 

Source:

1.CBRE Q2 2025 Multifamily Figures

2.CBRE Boise

3.WSJ

Thank you,

Blair Hildahl
Blair@hotelsuniversity.com
608.304.5228