Third Quarter 2026
Multifamily Market Outlook
Inland Empire
CalSTRS acquired an 11-community apartment portfolio totaling 3,620 units from Camden Property Trust for $1.625 billion, or approximately $448,895 per unit.
By J.C. Casillas
Managing Director of Research and Public Relations at NAI Capital Commercial
Managing Director of Research and Public Relations at NAI Capital Commercial
LEASING TRENDS
Vacant units fell 3.2% QoQ and 5.2% YoY, while units under construction dropped 7.0% QoQ and 23.7% YoY. Asking rent edged up 0.7% QoQ and 0.9% YoY, pointing to modest stabilization.
SALES TRENDS
Units sold fell 15.8% QoQ and 45.0% YoY, while average sale price per unit rose 1.5% QoQ and 19.9% YoY, suggesting strong pricing resilience despite a sharp pullback in transaction volume.
