Key Highlights:
- Multifamily rents and vacancy rates held steady in Q1 2025, reflecting resilience despite market volatility and slowing new apartment completions.
- Institutional investors drove $30 billion in multifamily deals in Q1 2025, up 36% compared to Q1 2024, signaling cautious optimism despite a slowdown from Q4 2024.
- High-cost cities including San Francisco and New York outperformed with rising rents and occupancy, while overbuilt Sunbelt markets experienced softening market conditions.
- Lending surged 39% year over year in Q1 2025, supported by expanding acquisition activity compared to the year prior, helping stabilize multifamily investment markets.
- In the face of growing concerns about the possibility of stagflation, multifamily investments continue to create a robust hedge against inflation.
