U.S. Multifamily Market Report | Berkadia | Q2 2026

Market Overview

Apartment occupancy averaged 95.5% in Q2 2026, sitting 10 basis points higher than the five-year average. Demand is largely being bolstered by persistent affordability challenges in the housing market; elevated mortgage rates, high home prices, and low for-sale inventory are keeping more households in the renter pool, allowing the market to absorb the recent waves of new apartment deliveries.

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About Berkadia

Berkadia is a leading commercial real estate company and a joint venture between Berkshire Hathaway and Jefferies Financial Group, offering mortgage banking, investment sales, and servicing across the multifamily and commercial real estate sectors. Their quarterly national multifamily reports provide institutional investors, operators, and lenders with a comprehensive view of U.S. market conditions, tracking inventory, absorption, rents, occupancy, employment, and household formation trends to support investment strategy and underwriting decisions. To read the full report, click here.

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