The Inland Empire multifamily market in Q4 2025 shows vacancy rates edging higher while rental rates remain stable. Construction activity has slowed significantly, and sales prices per unit have declined compared to last year. Explore our full Inland Empire multifamily market review for detailed trends and insights.
4Q 2025 Inland Empire Multifamily Market: Key Data Points
- Vacancy Rate Rises: Inland Empire’s multifamily vacancy rate increased to 6.3%, up 40 basis points year-over-year.
- Average Asking Rent Holds Steady: Average asking rent reached $1,937 per month, a modest 1% increase year-over-year.
- Construction Pipeline Contracts: Units under construction fell sharply to 2,931, a 57% decrease from the previous year.
- Sale Price Declines: Average sales price per unit dropped to $214,901, down 7.8% year-over-year.
- Cap Rates Increase: Average cap rate rose to 5.9%, up 40 basis points year-over-year.
- Net Absorption Slows: Year-to-date net absorption totaled 4,326 units, a 12% decrease compared to 2024.
Click here to subscribe to Kidder Mathews market research.