Real Estate
Home›Real Estate›Residential›US multifamily demand accelerates in Q2 2026 as vacanc…
US multifamily demand accelerates in Q2 2026 as vacancy falls
Net absorption reached 167,500 units in Q2 2026, nearly double the prior quarter, while vacancy dropped to 4.3%.
The US multifamily market gained momentum in the second quarter of 2026 as apartment demand accelerated and new construction continued to moderate, according to CBRE via ConnectCRE.
Net absorption totaled 167,500 units in Q2 2026, nearly doubling the Q1 tally, while the national multifamily vacancy rate fell 50 basis points quarter-over-quarter to 4.3%, below its long-term average of about 5.0%.
New supply growth eased further, with 77,700 units delivered in Q2 2026, down 14% from a year earlier. Average monthly rent rose 0.5% year-over-year and 1.5% quarter-over-quarter to $2,257.
ConnectCRE reported that multifamily investment volume totaled $34.9 billion in Q2 2026, down 2.7% from a year earlier, but the sector remained the largest property segment by investment volume, accounting for 27% of total commercial real estate investment during the quarter.