Multifamily Reports
Apartment Update®
Q3 2026 National Multifamily Report
Berkadia Research provides comprehensive multifamily market reports, focusing on apartment fundamentals that include supply, demand, rent, and occupancy as well as demographic and employment trends. We provide valuable insights that empower commercial real estate investors to make informed decisions regarding acquisition and disposition strategies as well as methods of financing.
Q3 2026 MULTIFAMILY REPORTS
Berkadia is excited to announce the official release of our National Multifamily Market Report for Q3 2026 plus more than 60 individual market reports from across the country!
These market reports will provide you with valuable insights on the latest multifamily and demographic trends to help you better navigate the current economic landscape and set your strategy for the remainder of this year.
National Themes:
- Since reaching a peak at the close of 2024, annual apartment deliveries across the U.S. have gradually reduced to reach nearly 318,00 units through Q3 2026.
- The shrinking U.S. apartment pipeline should continue with builders starting construction on 39,800 units in Q3 2026, down 54.7% from one year prior.
- As the barriers to homeownership endure, healthy apartment demand persisted in the last year with approximately 304,800 net units absorbed nationwide.
- Contributing to the housing demand was a rise in employment that underpinned additional household formation in the last year.
- Healthy new and renewed leases signed offset the wave of recent builds reaching stabilization to hold U.S. occupancy at 95.4% year over year.