Los Angeles Multifamily Figures Q1 2025

Market Overview

Los Angeles ended Q1 2025 with a strong 95.4% occupancy rate and an average rent of $2,822 per unit, marking a slight increase over the previous quarter. Demand remained healthy with 4,647 units absorbed, although that figure fell from Q4’s highs. Despite modest rent growth of just 0.1%, investor interest remained high, with $918.5 million in multifamily assets trading hands during the quarter. The market is showing signs of stabilization as new supply is gradually absorbed.

About CBRE

CBRE is the world’s largest commercial real estate services and investment firm, operating in more than 100 countries. The firm offers integrated services in leasing, investment sales, asset management, and market research. CBRE’s "Figures" reports deliver timely, metro-level snapshots of multifamily performance, including occupancy, absorption, rent growth, and investment volume—making them a key resource for stakeholders in markets like Los Angeles.

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