The Multifamily Market in 2025: Key Trends and Opportunities for Fund Managers

“The numbers tell an encouraging story for 2025. Vacancy rates are expected to improve to 4.9% by year-end, with rents growing at 2.6% annually according to CBRE’s latest projections. This recovery comes at a critical time, as new construction starts are set to drop significantly—down 74% from their 2021 peak by mid-2025. This pullback in new supply should help properties that have been dealing with local market competition.“