Market Snapshot National Q1 2025

Market Overview

The first quarter of 2025 marked a strong rebound in multifamily leasing, with nearly 130,000 units absorbed—the best Q1 since the pandemic. A steep drop in new deliveries is reshaping the landscape, with total completions projected to fall by 40% year-over-year. Markets like Dallas, Phoenix, and Atlanta are seeing pipeline slowdowns, offering a window for existing supply to stabilize. Meanwhile, rent growth and occupancy remain solid, particularly in Midwest markets where development has been more measured.

About MMG

MMG Real Estate Advisors is a national multifamily brokerage and investment advisory firm focused on institutional and private capital clients. The company offers acquisition, disposition, and capital markets services tailored to multifamily investors. Its research reports combine quantitative market data with field-level insights from active transactions, offering a grounded view of demand, occupancy, construction trends, and pricing across U.S. apartment markets.

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