Orange County Multifamily Research Report 2025 Q3

Market Overview

‍Orange County’s multifamily market continued to tighten in Q3 2025 as occupancy climbed to 96.5 percent, the highest level in three years, and average effective rent reached a record $2,670 per unit. Net absorption outpaced new supply in five of the past six quarters, even as construction remained active with 7,670 units underway. Year-to-date sales volume totaled $1 billion, down 27 percent from last year, but pricing stayed firm with the average price per unit rising to $432,220. Overall, the market is benefiting from steady demand, limited concessions and sustained investor interest despite softer transaction velocity.

‍About Colliers

‍Colliers is a global real estate advisory and investment management firm providing research, brokerage and capital-markets services for owners, developers and investors. Their Q3 2025 Orange County multifamily report offers detailed insights into rent trends, occupancy, construction pipelines and sales activity to support strategic decision-making. To read the full report, click here.