Northeast Ohio Multifamily Market Report | Colliers | Q4 2025

Market Overview

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Northeast Ohio's multifamily market closed Q4 2025 on stable footing, with Cleveland occupancy improving to 95.7% from 94.9% a year prior as annual demand of 2,678 units outpaced annual deliveries of 1,473 units. Average asking rents in Cleveland rose to $1,406 per month, up from $1,316 in Q4 2024, as pricing continued moving upward even as growth moderated. The construction pipeline thinned considerably, with units under construction falling to 1,461 from 2,534 a year earlier. Across the broader Ohio market, Akron posted the strongest occupancy at 96.7% while Columbus absorbed 8,003 units for the year, the highest in the state. With supply pressure easing and investor interest in income-oriented Midwest assets holding firm, the region is well positioned heading into 2026.

‍About Colliers

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Colliers is a global real estate advisory and investment management firm serving owners, operators, and investors across major U.S. markets. Their Q4 2025 Northeast Ohio multifamily report tracks occupancy, rents, absorption, deliveries, and investment activity across the Cleveland metro and broader Ohio market to help owners, developers, and investors assess conditions and timing. To read the full report, click here.