Lee & Assosciates 2025 Q3 Durham NC Multifamily

Market Overview

‍The multifamily market in Durham, North Carolina is showing emerging strength in Q3 2025, with average asking rent around $1,475 per unit and occupancy holding near 92.8 percent. Deliveries have slowed to approximately 1,200 units year-to-date while net absorption rose to nearly 1,350 units indicating demand is catching up to supply. With the pipeline shrinking and fundamentals improving, the region appears poised for modest rent growth ahead.

‍About Lee & Associates

‍Lee & Associates is a full-service, U.S. commercial real-estate advisory firm offering research, brokerage and capital-markets services. Their Durham Q3 2025 multifamily market report combines metro-level data on rent trends, occupancy, absorption, deliveries and pipeline conditions to help owners, developers and investors refine timing and strategic positioning. To read the full report, click here.