Greater Los Angeles Multifamily Research Report 2025 Q3

Market Overview

‍Los Angeles multifamily performance softened in Q3 2025 as new supply continued to outpace demand. Occupancy slipped to 94.9 percent and average effective rent held at $2,294, down slightly quarter-over-quarter but up 0.7 percent year-over-year. Developers delivered 5,292 units in the quarter and 26,226 units remain underway, keeping supply pressure elevated. Absorption improved from Q2 but still fell short of new deliveries for the fifth time in seven quarters. Investment activity totaled $4.2 billion year-to-date, down 32 percent from last year, though average price per unit edged up to $364,238.

‍About Colliers

‍Colliers is a global commercial real estate advisory and investment-management firm providing research, valuation, brokerage and capital-markets services. Their Los Angeles multifamily report compiles data on rent trends, occupancy, absorption, development pipelines and sales activity to help owners, developers and investors assess strategy and timing. To read the full report, click here.