March 2025 National Multifamily Market Report

March 2025 National Multifamily Market Report

Multifamily Shows Positive Signs Amidst Economic Uncertainty

Early indicators suggest resilience for multifamily in 2025, but the looming impact of new policies and economic uncertainty casts a shadow. While Northeast and Midwest metros post strong growth, oversupplied markets struggle, and the impact of new administration initiatives are yet to be seen.

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What's inside?

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The March 2025 national multifamily report offers a detailed analysis of market conditions across the country:

The average U.S. advertised asking rent gained $5 in March, up 1.0% year-over-year.

Rent growth in the Lifestyle segment outperformed Renter-by-Necessity on a monthly basis.

The measures presumed by the administration maintain a high level of uncertainty within the multifamily industry.

The SFR-BTR market posted healthy fundamentals, albeit dwindling rent increases.

Average asking rent
$
National occupancy rate
%
SFR/BTR average rents
$
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Multifamily Metro Reports

Browse our comprehensive metro-level summaries, powered by our full survey of multifamily apartment properties of 50 units or more:

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We are active in 180 multifamily markets across the U.S., providing researched data on properties at least 50 units in size, including exclusive data on single-family rentals in build-to-rent communities.

Key Features

  • In place loans and expirations—construction, permanent and CMBS
  • Full ownership and management information
  • Complete property-level information
  • Rent, occupancy and sales history and comparables
  • Supply pipeline from end-to-end, planning to stabilization
  • Short and long-range forecasts of rent and occupancy
  • National coverage