Apartments.com Releases Multifamily Rent Report for the First Quarter of 2025
Apartments.com, a CoStar Group marketplace, released its Q1 2025 multifamily rent report showing stable conditions. National year-over-year asking rent growth remained at 1.1%, consistent with December 2024. The national rent per unit reached $1,754, up from $1,735 in Q1 2024.
Key metrics include:
- Quarter-over-quarter rents increased 1.0%
- Vacancy rate steady at 8.1%
- Absorption reached 137,750 units (35% increase from previous quarter)
- Supply additions of 140,950 units
Regional highlights show Kansas City leading with 3.5% rent growth, followed by Chicago and Pittsburgh at 3.3%. The Midwest showed strength, while Sun Belt markets struggled, with Austin seeing a 4.5% rent decline. Luxury units (4 & 5-Star) showed 0.5% rent growth with 11.4% vacancy, while mid-priced assets achieved 1.4% growth with 7.4% vacancy.
Apartments.com, un mercato del CoStar Group, ha pubblicato il suo rapporto sui canoni di affitto multifamiliare per il primo trimestre del 2025, evidenziando condizioni stabili. La crescita dei canoni di affitto anno su anno a livello nazionale è rimasta all'1,1%, in linea con dicembre 2024. Il canone d'affitto nazionale per unità ha raggiunto $1.754, in aumento rispetto a $1.735 nel primo trimestre del 2024.
I principali indicatori includono:
- Aumenti dei canoni trimestre su trimestre dell'1,0%
- Il tasso di vacanza stabile all'8,1%
- L'assorbimento ha raggiunto 137.750 unità (aumento del 35% rispetto al trimestre precedente)
- Aggiunte di offerta di 140.950 unità
Le evidenze regionali mostrano Kansas City in testa con una crescita dei canoni del 3,5%, seguita da Chicago e Pittsburgh con il 3,3%. Il Midwest ha mostrato forza, mentre i mercati del Sun Belt hanno faticato, con Austin che ha registrato un calo dei canoni del 4,5%. Le unità di lusso (4 e 5 stelle) hanno mostrato una crescita dei canoni dello 0,5% con un tasso di vacanza dell'11,4%, mentre gli asset di medio prezzo hanno raggiunto una crescita dell'1,4% con un tasso di vacanza del 7,4%.
Apartments.com, un mercado de CoStar Group, publicó su informe de alquiler multifamiliar del primer trimestre de 2025, mostrando condiciones estables. El crecimiento interanual del alquiler a nivel nacional se mantuvo en 1.1%, consistente con diciembre de 2024. El alquiler nacional por unidad alcanzó $1,754, un aumento desde $1,735 en el primer trimestre de 2024.
Los indicadores clave incluyen:
- Aumentos de alquiler trimestre a trimestre del 1.0%
- Tasa de vacantes estable en 8.1%
- La absorción alcanzó 137,750 unidades (un aumento del 35% respecto al trimestre anterior)
- Añadidos de oferta de 140,950 unidades
Los aspectos destacados regionales muestran a Kansas City liderando con un crecimiento de alquiler del 3.5%, seguido de Chicago y Pittsburgh con un 3.3%. El Medio Oeste mostró fortaleza, mientras que los mercados del Sun Belt lucharon, con Austin viendo una disminución del alquiler del 4.5%. Las unidades de lujo (4 y 5 estrellas) mostraron un crecimiento del alquiler del 0.5% con un 11.4% de vacantes, mientras que los activos de precio medio lograron un crecimiento del 1.4% con un 7.4% de vacantes.
Apartments.com, CoStar Group의 시장,은 2025년 1분기 다가구 임대 보고서를 발표하며 안정적인 상황을 보여주었습니다. 전국 연간 임대료 성장률은 2024년 12월과 일치하는 1.1%로 유지되었습니다. 전국 단위당 임대료는 $1,754에 도달했으며, 이는 2024년 1분기의 $1,735에서 증가한 수치입니다.
주요 지표는 다음과 같습니다:
- 분기 대비 임대료 1.0% 증가
- 공실률 8.1%로 안정적
- 흡수량 137,750 유닛에 도달 (이전 분기 대비 35% 증가)
- 140,950 유닛의 공급 추가
지역 하이라이트에 따르면 캔자스 시티가 3.5%의 임대료 성장을 기록하며 선두를 달리고 있으며, 시카고와 피츠버그가 각각 3.3%로 뒤를 잇고 있습니다. 중서부는 강세를 보였으나, 선벨트 시장은 어려움을 겪고 있으며, 오스틴은 4.5%의 임대료 감소를 경험했습니다. 고급 유닛(4 및 5성급)은 0.5%의 임대료 성장을 보였고, 공실률은 11.4%, 중간 가격 자산은 1.4%의 성장을 기록하며 공실률은 7.4%였습니다.
Apartments.com, un marché du CoStar Group, a publié son rapport sur les loyers multifamiliaux pour le premier trimestre 2025, montrant des conditions stables. La croissance nationale des loyers d'une année sur l'autre est restée à 1,1%, conforme à décembre 2024. Le loyer national par unité a atteint $1,754, en hausse par rapport à $1,735 au premier trimestre 2024.
Les indicateurs clés incluent:
- Augmentations des loyers trimestre par trimestre de 1,0%
- Taux de vacance stable à 8,1%
- L'absorption a atteint 137 750 unités (augmentation de 35% par rapport au trimestre précédent)
- Ajouts d'offre de 140 950 unités
Les points forts régionaux montrent Kansas City en tête avec une croissance des loyers de 3,5%, suivie de Chicago et Pittsburgh à 3,3%. Le Midwest a montré de la force, tandis que les marchés du Sun Belt ont rencontré des difficultés, Austin enregistrant une baisse des loyers de 4,5%. Les unités de luxe (4 et 5 étoiles) ont montré une croissance des loyers de 0,5% avec un taux de vacance de 11,4%, tandis que les actifs de prix moyen ont atteint une croissance de 1,4% avec un taux de vacance de 7,4%.
Apartments.com, ein Marktplatz der CoStar Group, hat seinen Bericht über die Mietpreise im Mehrfamilienbereich für das erste Quartal 2025 veröffentlicht, der stabile Bedingungen zeigt. Das nationale jährliche Mietwachstum blieb bei 1,1%, was mit Dezember 2024 übereinstimmt. Die nationale Miete pro Einheit erreichte $1.754, ein Anstieg von $1.735 im ersten Quartal 2024.
Wichtige Kennzahlen umfassen:
- Quartalsweise Mietsteigerungen von 1,0%
- Die Leerstandsquote blieb stabil bei 8,1%
- Die Absorption erreichte 137.750 Einheiten (35% Anstieg gegenüber dem vorherigen Quartal)
- Angebotszuwächse von 140.950 Einheiten
Regionale Highlights zeigen Kansas City mit einem Mietwachstum von 3,5%, gefolgt von Chicago und Pittsburgh mit 3,3%. Der Mittlere Westen zeigte Stärke, während die Märkte im Sun Belt Schwierigkeiten hatten, wobei Austin einen Rückgang der Mieten um 4,5% verzeichnete. Luxuswohnungen (4- und 5-Sterne) zeigten ein Mietwachstum von 0,5% bei einer Leerstandsquote von 11,4%, während mittelpreisige Objekte ein Wachstum von 1,4% bei einer Leerstandsquote von 7,4% erzielten.
- Quarter-over-quarter rents increased by 1.0% after two declining quarters
- Absorption increased 35% from previous quarter and 12.8% year-over-year
- Gap between supply and demand narrowing for five consecutive quarters
- Mid-priced assets showing stronger performance with 1.4% rent growth and lower vacancy
- Supply additions (140,950 units) continue to exceed absorption
- Luxury segment struggling with high vacancy rate of 11.4%
- Major Sun Belt markets experiencing significant rent declines (Austin -4.5%, Denver -3.6%)
- Overall modest rent growth of just 1.1% year-over-year
Insights
CoStar's Q1 2025 multifamily rent report demonstrates market stabilization after previous volatility cycles. The consistent 1.1% year-over-year rent growth since mid-2023 signals a normalized rental environment following the dramatic fluctuations of 2021-2022. The
The narrowing gap between supply (140,950 units) and absorption (137,750 units) for five consecutive quarters indicates the market is approaching equilibrium. This trend is particularly significant as it suggests the oversupply conditions that began in Q4 2021 are gradually resolving, which should eventually support firmer rent growth.
The geographical divergence is striking – Midwest markets dominating the growth charts while Sun Belt regions struggle with oversupply highlights the danger of concentrated development cycles. Kansas City (
The luxury segment's dynamics – strong absorption (103,000 units) yet weak rent growth (
This quarterly rent report provides valuable operational indicators for CoStar Group's Apartments.com platform. The stable
The accelerating absorption metrics –
The pronounced regional variations create both opportunities and challenges for CoStar. Their revenue exposure to underperforming Sun Belt markets could face pressure as nine of the ten weakest markets are in this region. Conversely, the stronger Midwest performance may offset these challenges if CoStar can capitalize on increased activity in these markets.
The segmentation data showing mid-priced assets outperforming luxury units suggests CoStar might benefit from focusing marketing efforts on this more resilient segment. With luxury properties showing
Overall, these metrics indicate stable but unspectacular operating conditions for CoStar's Apartments.com business, with incremental improvements in key fundamentals that support gradual marketplace growth.
Quarterly data shows stable rent growth in the first quarter of the year
The national year-over-year asking rent growth for apartments was
The national rent per unit ended the quarter at
The first quarter recorded 137,750 units of absorption, a
At
At the opposite end of the spectrum, asking rent fell by
Absorption during the year was led by 4 & 5-Star units, with just over 103,000 units absorbed in the first quarter. With most new supply aimed at the luxury market, annual asking rent growth was the weakest in the segment at
ABOUT COSTAR GROUP, INC.
CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.
CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; and Homes.com, the fastest-growing residential real estate marketplace. CoStar Group’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible, STR, a global leader in hospitality data and benchmarking, Ten-X, an online platform for commercial real estate auctions and negotiated bids and OnTheMarket, a leading residential property portal in the
CoStar Group’s websites attracted over 134 million average monthly unique visitors in the fourth quarter of 2024, serving clients around the world. Headquartered in
View source version on businesswire.com: https://www.businesswire.com/news/home/20250402768234/en/
NEWS MEDIA:
Matthew Blocher
Vice President
CoStar Group Corporate Marketing & Communications
(202)-346-6775
mblocher@costar.com
Source: CoStar Group
FAQ
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