Cincinnati | 2025 Q2 Multifamily Market Overview

Market Overview

Cincinnati ranks as one of Ohio’s largest metro economies, with an MSA population of approximately 2.3 million and a GDP of $198 billion that outpaces Columbus and Cleveland. As of Q2 2025, average asking rent reached $1,323 per unit and occupancy held at 93.9 percent. Year-to-date net absorption totaled 1,175 units, with rent growth at 2.4 percent annually and a slight dip in occupancy of 50 basis points. Demand, particularly in Northern Kentucky, continues to be strong even as supply remains elevated.

About The Kirkland Co.

The Kirkland Co. is a regional real estate advisory firm with deep roots in the Cincinnati market. Their expertise spans multifamily property brokerage, development strategy, and economic analysis, supported by local knowledge including tenants, employers, and demographic drivers. MMG Real Estate Advisors complements this with its data-driven reporting, offering snapshot-level metric clarity for strategizing decisions.