Ventura, CA Multifamily Market Report | CBRE | Q1 2026

Market Overview

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Ventura County's multifamily market rebounded sharply in Q1 2026, with occupancy rising 10 basis points quarter-over-quarter to 96.0% as net absorption reached 607 units, a significant reversal from 18 units of negative absorption in Q4 2025. Deliveries of 585 units were largely concentrated in Camarillo, which led all submarkets in both completions and absorption. Average rent climbed 1.4% quarter-over-quarter to $2,757 per unit, with 3-bedroom units posting the strongest year-over-year growth at 1.9%. Investment volume increased to $184.4 million, up from $129.9 million in Q4, led by Hines' $105 million acquisition of the 235-unit Tempo Riverpark in Oxnard at $446,809 per unit.

‍About CBRE

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CBRE is a global commercial real estate services and investment firm operating across major U.S. and international markets. Their Q1 2026 Ventura 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.