Bay Area Multifamily Figures Q3 2025

Market Overview

‍The Bay Area multifamily market entered Q3 2025 in a refinement phase, with average asking rent rising modestly to about $3,250 per unit and occupancy hovering near a high 95 percent. New deliveries have begun to decelerate and the construction pipeline is down from peak levels, both of which lend support to further rent growth ahead. With strong job markets and constrained housing supply, the region is poised to regain momentum.

‍About CBRE

‍CBRE is a global real-estate advisory firm delivering research, leasing, valuation and capital-markets services across major U.S. metros. Their Q3 2025 Bay Area multifamily figures report synthesises metro-level data on rent trends, occupancy, supply pipelines and investment activity to help owners, developers and investors align strategy and timing. To read the full report, click here.