Fresno Multifamily Market Snapshot | Report | Q2 2025

Market Overview

The Fresno multifamily market remains stable in mid-2025, supported by strong renter demand and a low vacancy rate near 4.5 percent. Net absorption exceeded the yearly average, reaching approximately 740 units over the past year—well above the historical average of 354 units. Meanwhile, rent growth has moderated, rising about 1.8 percent year-over-year, which is slowing construction activity and investor momentum.

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Colliers is a global commercial real estate services firm headquartered in Toronto with operations across more than 60 countries. The firm provides comprehensive capabilities in brokerage, capital markets, valuation, advisory, and market research. Colliers' multifamily Market Snapshot | - s deliver timely regional data and analysis, helping investors, owners, and developers understand market fundamentals and trends.