Rents Expected to Grow in 2025 on Strong Multifamily Fundamentals

“Looking ahead, Savills predicts occupancy will hit bottom in 2025 and begin to recover toward the end of the year. Boom markets have begun to cool, led by rent growth changes in Midwestern and Northeastern markets facing less supply-side pressure. Rent growth should be stronger across the country in 2025, which will set the stage for stronger growth in 2026, said the firm.“