Inland Empire Multifamily Figures Q2 2026

– The Inland Empire multifamily market recorded an occupancy rate of 96.0%in Q2 2026, a 50-basis point increase quarter-over-quarter and the highest level recorded since Q1 2025, driven by the absorption of recently delivered 2010+ communities as new supply began to stabilize.

–Net absorption totaled 1,048 units in Q2 2026, building on the positive 132units recorded in Q1 2026, as strong population growth and coolingconstruction activity supported a more favorable supply-demand balanceacross the region.

–Construction deliveries slowed significantly to 28 units in Q2 2026, downfrom 260 units in Q1 2026, as the development pipeline continued to coolfollowing more than 5,000 units delivered over the past year.

–The overall average rent per unit increased 1.3% quarter-over-quarter to$2,350 in Q2 2026, with rent growth concentrated in older assets whereaffordability-driven demand remained resilient.

–Multifamily investment sales totaled $82.0 million in Q2 2026, down from$108.7 million in Q1 2026, with transaction activity entirely concentrated in pre-1990 vintage assets as investors targeted older product at more accessibleprice points.