Business
CoStar Lowers Near-Term U.S. Multifamily Forecast
ARLINGTON, Va., November 11, 2025--CoStar, the leading global provider of online real estate marketplaces, information and analytics, has released an updated forecast for the U.S. multifamily sector, reflecting a more cautious outlook for rent growth and vacancy trends through 2026.
About this update from Costar Group, Inc.
[{"type":"image","alt":"Houseview forecast calls for declining vacancy","displaySize":"","headline":null,"caption":"Houseview forecast calls for declining vacancy","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":320,"url":"https://media.zenfs.com/en/business-wire.com/a86b04ae4838c061de8182ab4e685bc5"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/yMEBZhsrgDIUj35ekNM2kA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/a86b04ae4838c061de8182ab4e685bc5","width":480,"height":320}},"lazy":false},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1167,"height":204,"url":"https://media.zenfs.com/en/business-wire.com/3d955028933e5878317ba5d91c487980"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/6BLNU_ZL4RIAMv1Lm4OVsQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTE2ODtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/3d955028933e5878317ba5d91c487980","width":960,"height":168},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/GYmeijj8aI_7hX26M6Ru7A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIzMzQ7aD00MDg7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/3d955028933e5878317ba5d91c487980","width":1167,"height":204}}},{"type":"text","content":"ARLINGTON, Va., November 11, 2025--(BUSINESS WIRE)--CoStar, the leading global provider of online real estate marketplaces, information and analytics, has released an updated forecast for the U.S. multifamily sector, reflecting a more cautious outlook for rent growth and vacancy trends through 2026.","length":300,"tagName":"p"},{"type":"text","content":"National apartment rent growth is now projected to decline by 0.1% in the fourth quarter of 2025, a downward revision of 160 basis points from the previous forecast. Vacancy is expected to hold at 8.2% through year-end before easing to 7.9% by the end of 2026.","length":260,"tagName":"p"},{"type":"text","content":""The revised forecast reflects a more measured view of near-term performance," said Grant Montgomery, National Director of Multifamily Analytics at CoStar Group. "Still, a turning point is approaching. In the final quarter of 2025, renters are expected to occupy more units than are added to supply — a first since the third quarter of 2021. That shift s...