Figures

Inland Empire Multifamily Figures Q1 2025

Rental rates and occupancy increase as market signals strength in 2025

April 23, 2025 5 Minute Read

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— The Inland Empire (IE) multifamily market closed Q1 2025 with an occupancy rate of 95.7%, a 20 basis point (bps) increase quarter-over-quarter. The occupancy rate continued to increase for the fourth consecutive quarter as population growth and affordable rents increased demand in the IE multifamily market.

— Net absorption remained positive for the sixth consecutive quarter as 1,911 units were positively absorbed in Q1 2025. Net absorption was strongest in submarkets farther from the coastline, with Coachella Valley, University/Moreno Valley, and Temecula/Murrieta experiencing the highest levels of positive absorption.

— The total multifamily investment sales in Q1 2025 amounted to $213.9 million in total volume, compared to $136.3 million in Q4 2024. Investment sales increased quarter-over-quarter as buyers found value in older product, with the majority of sales taking place on properties built in the 1960s and 1970s.