
The Q3 2025 report from Colliers signals a turning point for the U.S. multifamily sector as new supply eases and demand stabilises. While rent growth remains modest, vacancy shows signs of improvement and transaction activity is gaining momentum. With evolving fundamentals across key metros, the market is gradually shifting toward a more stable phase.
Colliers is a global commercial real-estate services and investment-management firm offering research, advisory, leasing and capital-markets solutions. Their multifamily market analysis synthesises national and metro-level metrics on rent trends, vacancy, supply pipelines and investment activity to help owners, developers and investors align strategy and timing. To read the full report, click here.
