The Inland Empire multifamily market in 1Q 2026 shows asking rents holding steady, vacancy ticking up slightly, and construction activity continuing to slow year-over-year. Sales pricing per unit posted modest gains, while net absorption softened notably amid limited new deliveries. Explore our full Inland Empire multifamily market review for detailed trends and submarket insights.
1Q 2026 Inland Empire Multifamily Market: Key Data Points
- Vacancy Rate Edges Up: The vacancy rate reached 6.1%, rising 30 bps year-over-year.
- Asking Rents Hold Firm: Average asking rent measured $1,959/month, a 0.4% increase YOY.
- Construction Pipeline Drops: Units under construction declined 37% YOY, falling from 6,939 to 4,338 units.
- Sales Pricing Strengthens: Average sales price per unit climbed to $252,912, marking a 6% YOY increase.
- Net Absorption Softens: Net absorption totaled 557 units, down 50% YOY.
- Minimal New Deliveries: Construction deliveries fell to 150 units, a 22% YOY decline.
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