Inland Empire, CA Multifamily Market Report | CBRE | Q1 2026

Market Overview

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The Inland Empire multifamily market recorded its third consecutive quarterly occupancy decline in Q1 2026, closing at 95.4%, down 10 basis points from Q4 2025, as more than 3,700 units delivered over the past year kept supply pressure elevated. Net absorption turned positive at 132 units, reversing the negative 202 recorded in Q4 2025, supported by continued population growth and in-migration from neighboring coastal markets. Deliveries totaled 260 units, modestly above Q4's 235, concentrated in the Ontario/Chino submarket. Average rent rose 1.0% quarter-over-quarter to $2,320 per unit, and investment sales totaled $108.7 million, down from $127.2 million in Q4.

‍About CBRE

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CBRE is a global commercial real estate services and investment firm operating across major U.S. and international markets. Their Q1 2026 Inland Empire multifamily report tracks occupancy, rents, absorption, deliveries, and investment sales activity by submarket to help owners, developers, and investors evaluate market conditions and timing. To read the full report, click here.