Greater Los Angeles Multifamily Market Report
By PropZone Research · Data through Q1 2026 · Aggregated from Lee Associates, Colliers, Matthews, Cushman & Wakefield
Quarterly multifamily market indicators for Greater Los Angeles, aggregated by PropZone from Lee Associates, Colliers, Matthews, Cushman & Wakefield. As of Q1 2026, average asking rent was $2333.00/SF with a 5.3% vacancy rate.
Projected current multifamily pricing — Greater Los Angeles
low confidenceProjected asking rent
$2,333/unit/mo
Estimated sale value
$269,483–$336,853/unit
Modeled estimate (income approach) shown as a range — not an appraisal. Projected asking rent × occupancy × net-operating-income margin band ÷ market cap rate, from Q1 2026 multiple brokerages data (cap rate 5.0%, asking rent held flat). Assumes ~92% occupancy (vacancy not reported) and a 52–65% net-operating-income margin.
| Quarter | Asking rent | Vacancy | Net absorption | Under constr. | Source |
|---|---|---|---|---|---|
| Q1 2026 | $2333.00/SF | 5.3% | 7K SF | — | Lee Associates |
| Q1 2026 | — | 4.7% | — | — | Colliers |
| Q4 2025 | — | 5.7% | — | — | Matthews |
| Q3 2023 | — | — | 0K SF | — | Cushman & Wakefield |
Frequently asked questions
- What is the average asking rent for multifamily space in Greater Los Angeles?
- As of Q1 2026, the average asking rent for multifamily space in Greater Los Angeles was $2333.00/SF, per Lee Associates.
- What is the multifamily vacancy rate in Greater Los Angeles?
- The multifamily vacancy rate in Greater Los Angeles was 5.3% as of Q1 2026 (Lee Associates).
- Where does PropZone's Greater Los Angeles market data come from?
- This report aggregates quarterly multifamily market data for Greater Los Angeles from Lee Associates, Colliers, Matthews, Cushman & Wakefield.
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