2026 U.S. Multifamily Investment Forecast

Jan 10, 2026

Marcus & Millichap projects net absorption of about 240,000 units against 270,000 completions, lifting vacancy 10 basis points to 4.7%, with units under construction down 53% from the 2023 peak.

Multifamily U.S. National

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Employment

June 2026 brief: job growth defies constraints as employers added 176,000 roles, supporting rental demand and consumer spending across commercial property types.

EconomyMultifamilyU.S. National19 days agoRead

Marcus & Millichap

Canada Monetary Policy

The Bank of Canada held the overnight rate at 2.25 per cent; a higher-for-longer rate environment is curbing commercial real estate investment momentum.

EconomyDebt & FinancingCapital MarketsCanada19 days agoRead

Marcus & Millichap

Inflation and Employment Outlook

June 2026 research brief: job creation is rising while inflation worsens, creating a mixed outlook for commercial real estate as the labor market regains footing after a prolonged slowdown.

EconomyCapital MarketsU.S. National19 days agoRead

Marcus & Millichap

Canada Industrial

June 2026 brief: industrial demand is set to rise as a manufacturing recovery broadens, with output up 4.2 per cent month-over-month across most subsectors.

Industrial & LogisticsEconomyCanada19 days agoRead

Marcus & Millichap

Canada Housing

Lower rate volatility is supporting further housing recovery as Canada's average single-family home price finds a floor after nearly a year of decline.

MultifamilyEconomyCanada19 days agoRead

Marcus & Millichap

Inflation

May CPI data shows the most disruptive phase of the price shock may be easing, with contained core inflation and implications for retail tenant demand and big-box absorption.

EconomyRetailU.S. National19 days agoRead