Los Angeles, CA Multifamily Market Report | CBRE | Q4 2025

Market Overview

Los Angeles closed Q4 2025 navigating a familiar tension: elevated deliveries and negative net absorption running against a market that still commands some of the highest rents in the country. With 2,860 units delivered and 2,930 units of negative net absorption, occupancy slipped to 95.2% and average rents held essentially flat at $2,845 per unit. Investment activity remained substantial at $1.9 billion for the quarter, with newer vintage assets (2010 and beyond) capturing the majority of dollar volume at $875 million across 16 transactions. Bright spots included Mid-Wilshire and Brentwood/Westwood/Beverly Hills, both posting positive absorption and steady rent growth amid otherwise broad-based softness.

About CBRE

CBRE is a global commercial real estate services and investment firm operating across major U.S. and international markets. Their Q4 2025 Los Angeles multifamily report tracks occupancy, rents, absorption, deliveries, and investment sales activity by submarket to help owners, developers, and investors evaluate market conditions and timing. To read the full report, click here.