IE Business Daily Business news for the Inland Empire.
Occupancy in the Inland Empire’s multifamily market declined in the first quarter, according to CBRE.
The drop of 10 basis points from the last three months of 2025 marked the third consecutive quarterly decline for the Inland region, CBRE reported.
The Inland region experienced a year-over-year drop of 50 basis points, a fall attributed to increased supply following the delivery of more than 3,700 units during the past year.
Net absorption totaled plus-132 units during the first quarter, reversing the minus-202 units recorded during the fourth quarter of 2025.
Two hundred and sixty multifamily units were delivered during the first quarter, 25 more than the previous quarter. Most of those deliveries were in the Ontario/Chino submarket.
Rent per unit increased one percent, to $2,320, quarter-over-quarter, according to CBRE.
