U.S. Capital Markets | H2 2025 Multifamily Report

Market Overview

‍Strong demand is starting to gain ground across the U.S. multifamily sector as absorption remains solid and new deliveries begin to soften. Many markets are seeing vacancies hold or decline, and although rent growth is modest, fewer completions are easing supply pressure—suggesting fundamentals may tilt in favour of landlords in early 2026.

‍About Colliers

‍Colliers is a leading global commercial real estate services and advisory firm specialising in leasing, capital markets, valuation and research. Their multifamily market reports bring together metrics on rent, occupancy, supply pipelines and broader macro-trends to give developers, owners and investors data-driven perspective on timing and risk. To read the full report, click here.