2025 U.S. Multifamily Investment Forecast

Jan 1, 2025

Marcus and Millichap's 2025 multifamily forecast projects supply and demand to re-align for the first time in four years. Rent growth was expected to remain tepid through much of 2025 with momentum building later in the year, supported by average rents remaining well below typical mortgage payments.

Multifamily Capital Markets U.S. National

Read the full report at Marcus & Millichap

Published by Marcus & Millichap. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.

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