• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Limon Net Lease Group

Limon Net Lease Group

  • Listings
    • National Listings
    • NYC Metro Listings
  • Who We Are
  • 1031 Exchange
  • Research
  • Financing
  • Services
    • Advisory
    • Capital Markets
    • Marketing
    • Research
    • Technology
  • Contact

2025 Multifamily Outlook and Leading Investment Markets

January 27, 2025 by Marcus & Millichap Research Services

2025 Multifamily Market Outlook: Key Trends and Top Metros ​

Multifamily Demand Is Supported By Broader Housing Trends ​

  • High homeownership costs and elevated mortgage rates are steering more housing demand toward apartments ​
  • Lease renewal rates are strengthening, supported by the affordability gap between renting and owning and home ​
  • While concessions are rising, steady job growth will continue to bolster apartment absorption​

Construction Pipeline Slows, Easing Oversupply Concerns ​

  • Multifamily completions are forecast to decline to 410,000 units in 2025, a significant decline from 2024 ​
  • Rising costs for construction labor and materials are limiting the ability for new development projects to get off the ground ​
  • Slowing construction amid solid demand will allow the national vacancy rate to fall to 5.1% in 2025 ​

Top Multifamily Markets Offer Significant Growth Potential ​

  • Miami ranks first (#1) on the 2025 Multifamily Investment Forecast, upheld by strong demographic drivers, above-average rent growth and a declining vacancy rate ​
  • Dallas-Fort Worth places second (#2), with robust job growth and a thinning pipeline positioning the market for future gains ​
  • Orlando comes in at third (#3), with nation-leading rent growth projected for 2025 ​

*Forecast​
Sources: Marcus & Millichap Research Services, RealPage, Inc. ​

​​Watch Video Below:

Filed Under: Research Brief

Primary Sidebar

Recent Posts

  • Flat FED, Inflation Risks & Durability of Retail Sales
  • Have Tariffs Increased Inflation? Not Yet…
  • Emerging Cap Rate Spreads and Trends
  • New Tax Bill May Bolster CRE Investment Climate
  • Interest Rates on the Rise

Archives

  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • March 2020

Categories

  • Agent Opinion
  • Apartments
  • Client Webcast
  • Employment
  • Eviction Moratorium
  • Fox Business
  • GDP
  • Investor Sentiment Survey
  • M&M In the Media
  • Market Report
  • Multifamily
  • Multifamily
  • NYC Metro
  • Outlook Report
  • Research Brief
  • Retail
  • Self-Storage
  • Special Report

Footer

© 2025 Limon Net Leased Group

  • Listings
    • National Listings
    • NYC Metro Listings
  • Who We Are
  • 1031 Exchange
  • Research
  • Financing
  • Services
    • Advisory
    • Capital Markets
    • Marketing
    • Research
    • Technology
  • Contact

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Any projections, opinions, assumptions or estimates used herein are for example purposes only and do not represent the current or future performance of the property. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2020 Marcus & Millichap and Limon Net Lease Group

Privacy Policy

We use cookies to offer you a better experience and analyze site traffic. By continuing to use this website, you consent to the use of cookies in accordance with our Privacy Policy.AcceptDon't Accept