Rents Slide Amid Supply Surge
Sacramento’s average advertised asking rent was down 0.2%, on a trailing three-month basis through October, to $1,959, mirroring national trends, according to the latest Yardi Matrix Sacramento multifamily market report. Meanwhile, even as supply accelerated beyond the market’s regular pace, occupancy in stabilized assets remained flat year-over-year, at 95.3%, and above the 94.7% U.S. rate. Sacramento employment gains continued to soften, at 0.6% through August, and 20 basis points below the U.S. average, as report in the national multifamily market report.
Education and health services led growth, adding 10,600 net positions, but the metro lost a combined 12,900 jobs across seven other sectors. The area’s unemployment rate stood at 5.4% as of August, 110 basis points above the national figure, according to preliminary data from the Bureau of Labor Statistics. Sacramento’s economy could get a boost from the development of the mixed-use Cordova City Center. The $1 billion project is set to break ground next year, with completion slated for 2027.
Developers delivered 4,662 units through October, representing 3.2% of stock. That marked the strongest development pace for Sacramento in at least a decade. Meanwhile, investment accelerated: A total of $583 million in assets traded in 2025 through October, already some $120 million more than 2024’s entire volume
Read the full Yardi Matrix Sacramento Multifamily Market Report: December 2025
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