2025 Q2 Louisville Multifamily Market Report

Market Overview

In Q2 2025, Louisville’s multifamily fundamentals were pressured by elevated supply. Average rent stood at $1,221, and occupancy slipped to 93.1 percent, the lowest since early 2020. Net absorption for H1 reached 738 units, while completions totaled 1,384 units—nearly double the absorption pace. As a result, demand continues to lag behind new inventory, though a sharp pullback in new construction is expected to ease pressure moving forward.

About Colliers

Colliers is a global commercial real estate services firm headquartered in Toronto, operating across more than 60 countries. The firm provides expertise in brokerage, capital markets, valuation, advisory, and market research. Colliers’s multifamily market reports leverage robust data and local insights to help investors, owners, and developers evaluate shifting supply–demand dynamics and strategic opportunities.