RDE Capital Group LLC

The national new unit multifamily deliveries are projected to reach 346,000 in 2025, nearly half of the 677,000 units delivered in 2024 according to Costar Group. With demand holding steady at 2024 levels—when 553,000 units were absorbed nationwide—supply is expected to fall short. This imbalance will likely benefit multifamily operators, driving rent growth and lowering vacancy rates. These market shifts are anticipated to take effect in the second half of 2025.

Enrique Arjona, CPM®

President at RDE Capital Group