Inland Empire Multifamily Figures Q3 2026

– The Inland Empire multifamily market closed Q3 2026 with an occupancy rate of 95.9%, down 10 basis points from the prior quarter, as a wave of new deliveries outpaced demand.

– Net absorption totaled 981 units in Q3 2026, down from 1,054 units in Q2 2026, extending positive absorption to 12 consecutive quarters as strong population and migration growth continued to support strong occupancy.

– Construction deliveries totaled 1,056 units in Q3 2026, the highest quarterly total of the year, bringing year-to-date deliveries to over 1,300 units, well below the nearly 5,000 units delivered through Q3 2025, as the development pipeline continued to cool.

– The overall average rent per unit per month in the Inland Empire rose 0.9% quarter-over-quarter to $2,386 in Q3 2026, as new, higher-priced deliveries continued to lift the overall average.

– Total multifamily investment sales surged to $762.4 million in Q3 2026, nearly 10 times the $76.8 million recorded in Q2 2026 and the highest quarterly volume since 2022, as large asset trades dominated activity. Three properties each sold for more than $150 million, accounting for roughly 65% of the quarter’s total: Camden Landmark in Ontario ($177.0 million), Reserve at Chino Hills ($160.4 million) and The Exchange in Riverside ($155.2 million).