IE Business Daily Business news for the Inland Empire.
The Inland Empire multifamily market ended 2025 with 95.5 percent occupancy, a decline of 30 basis points from the previous quarter, according to CBRE.
Net absorption was minus 229 units during the last three months of 2025, down from 741 units absorbed in the third quarter, CBRE reported.
Such a decline typically happens at the end of a year.
Two hundred and thirty-five multifamily units were delivered in Riverside and San Bernardino counties during the fourth quarter, compared with 1,508 units in the third quarter. Average rent per multifamily unit fell by 1.3 percent quarter-over-quarter, to an average of $2,295. That downward trend was driven by increased competition from new supply, which limited rent growth, according to CBRE.
