Los Angeles, CA Multifamily Market Report | Colliers | Q1 2026

Market Overview

‍
Los Angeles County's multifamily market continued to absorb a heavy wave of new supply in Q1 2026, with 3,001 units delivered and 2,013 absorbed against a total inventory of 478,781 units. Occupancy fell 110 basis points year-over-year to 93.9%, while average monthly effective rent declined 0.4% to $2,486, with the Westside commanding the highest rents at $3,277 per unit despite a 1.4% annual decline. The construction pipeline remained substantial at 24,081 units, with the Downtown/Central and Westside submarkets accounting for the largest concentrations at 6,076 and 6,672 units, respectively. Year-to-date sales volume reached $481 million, up 2.4% from Q1 2025, though the average price per unit dipped 3% year-over-year to $398,469, reflecting ongoing repricing across a market that has delivered 58,576 units since Q1 2021.

‍About Colliers

‍
Colliers is a global real estate services and investment management firm operating across more than 60 countries. The firm offers comprehensive brokerage, capital markets, valuation, advisory, and research services. Their Q1 2026 Los Angeles multifamily report tracks occupancy, rents, absorption, deliveries, and investment sales activity across eight submarkets to help owners, developers, and investors assess market conditions and timing. To read the full report, click here.