Los Angeles, CA Multifamily Market Report | Matthews | Q1 2026

Market Overview

‍Los Angeles closed Q1 2026 with vacancy at 5.6% and rent growth flat at 0%, two metrics that reflect a market stabilizing but still working through a supply overhang. The pressure point is clear: 2,300 units were delivered against just 1,100 absorbed, keeping available inventory elevated. That said, the longer-term case for LA remains intact. The metro holds nearly 9.7 million residents, a median household income of $94,934, and a slate of major upcoming events -- the FIFA World Cup in 2026, Super Bowl LXI in 2027, and the Olympics in 2028 -- that are expected to lift housing and tourism demand over the next several years. Sales volume reached $1.4 billion in the quarter, with pricing at $350K per unit and cap rates at 5.1%, as institutional buyers grow more active at repriced levels.

‍About Matthews

‍Matthews Real Estate Investment Services is a national commercial real estate brokerage and advisory firm serving multifamily owners, investors, and developers across major U.S. markets. Their Los Angeles, CA Q1 2026 multifamily market report tracks vacancy, rent growth, cap rates, and sales volume to help clients assess market conditions and refine investment timing. To read the full report, click here.