Lee & Assosciates 2025 Q3 Cincinnati OH Multifamily

Market Overview

‍The Cincinnati metro multifamily market has entered a phase of steady balance in Q3 2025, with occupancy holding at 94.0 percent and average asking rent near $1,321 per unit. Year-to-date net absorption reached roughly 1,963 units while completions tallied about 2,375 units, keeping supply and demand closely aligned. With approximately 4,600 units under construction and new starts expected to slow, the market is well positioned for moderate rent growth and stable fundamentals heading into 2026.

‍About Lee & Associates

‍Lee & Associates is a full-service commercial real estate advisory firm with a national footprint. Their Cincinnati Q3 2025 multifamily market report combines metro-level data on rent trends, occupancy, absorption, deliveries and pipeline dynamics to support owners, developers and investors in timing decisions and strategic positioning. To read the full report, click here.