Greater Los Angeles Multifamily Research Report 2025 Q2

Market Overview

In Q2 2025, the Greater Los Angeles multifamily market recorded an overall occupancy rate of 95.1%, reflecting a 20-basis-point decline from the previous quarter and sitting 10 basis points below last year’s level. Average effective rent reached $2,287 per unit, a modest 0.3% increase quarter-over-quarter and 0.8% year-over-year. Year-to-date sales volume totaled $2.2 billion, down 13.7% from the same period in 2024, with the average price per unit falling 6% to $249,327. Despite subdued rent growth, current rents remain 12.4% above pre-pandemic levels.

About Colliers

Colliers is a leading diversified professional services and investment management company headquartered in Toronto, operating in 66 countries worldwide. The firm provides expertise across commercial real estate brokerage, property management, valuation, and advisory services. Colliers’ multifamily market research combines real-time market data with local insights, supporting owners, investors, and developers in navigating evolving market conditions.