Multifamily Net Absorption Hits 25-Year High as Rents Fall

Bisnow reports that the US multifamily sector posted its fifth-highest quarterly net absorption in nearly 25 years, per Cushman & Wakefield’s Q2 2026 report, even as asking rents continued to edge downward. Nationwide, 124,600 units were absorbed in the second quarter, an 8% gain from a year prior. Meanwhile, vacancy fell below 9%—the first sub-9% result since 2024—with the rate at 8.9%, compressing by 35 basis points from Q1. This momentum stands out given that broad economic drivers like slower job creation, tepid immigration, and modest population growth had cast doubt on near-term apartment demand. Read on to learn more: Link

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