Los Angeles, CA Multifamily Market Report | CBRE | Q2 2026

Market Overview

Los Angeles closed Q2 2026 with occupancy rising to 95.3%, a 0.1% improvement from Q1 2026, as demand rebounded strongly. Net absorption reached 2,511 units, a sharp reversal from the 2,213 units of negative absorption in Q1, while deliveries fell to 1,231 units from 2,905 in the prior quarter. Average rent held at $2,851 per unit, down just 0.2% quarter-over-quarter. Investment volume totaled $913 million, declining from Q1's elevated $1.98 billion as capital deployment normalized. South Los Angeles and Hollywood led absorption, and South Los Angeles posted the strongest rent growth among submarkets.

About CBRE

CBRE is a global commercial real estate services and investment firm operating across major U.S. and international markets. Their Q2 2026 Los Angeles 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.