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Market Report

2025 U.S. Multifamily Investment Forecast

2025 Outlook

Supply and Demand to Re-Align for the First Time
in Four Years, Aiding Investment Landscape

The coming year offers the prospect of abating headwinds for the multifamily sector, as record multifamily development begins to wane at the same time that household formation has started to accelerate. Some uncertainty still surrounds the 2025 investment outlook however as a new administration enters the White House. To help commercial real estate investors navigate the complexities of the investment climate, Marcus & Millichap presents the 2025 Multifamily National Investment Forecast.

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