Q3 2025 | Fresno Multifamily Market Report

Market Overview

‍Fresno’s multifamily market held firm in Q3 2025, supported by a low 4.7 percent vacancy rate and steady year-over-year rent growth of 1.6 percent. Limited new supply, with only 499 units delivered over the past year and 96 units under construction, continues to reinforce stability. Annual sales volume reached $108 million, driven primarily by local and regional buyers, while Fresno’s affordability advantage with average rents near $1,470 per unit keeps demand resilient as households priced out of coastal markets look inland for value.

‍About Colliers

‍Colliers is a global real estate services and investment management firm providing research, brokerage and advisory support across major U.S. multifamily markets. Their Q3 2025 Fresno multifamily report offers insight into vacancy trends, rent performance, construction activity and sales dynamics to help owners, developers and investors align strategy with market conditions. To read the full report, click here.