Search
 

Record Multifamily Absorption Signals Strong Start to 2025

More than 138,000 market-rate units were absorbed between January and March.

By Kristen Smithberg | April 07, 2025 at 02:55 AM

Apartment demand during the first quarter was well ahead of average, boosting sector fundamentals back into a more normal range, according to a RealPage analysis. The report noted that the recent generational apartment supply wave began to ebb slightly during the first quarter, which indicates that the impact of high supply will start to pull back throughout the rest of 2025.

More than 138,000 market-rate units were absorbed between January and March, the highest first-quarter demand within RealPage’s data set going back more than 30 years. The first quarter’s performance builds on three previous quarters of robust demand, totaling nearly 708,000 units absorbed nationwide over the past 12 months. This is consistent with absorption during the demand boom of early 2022, said RealPage.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.