MULTI-FAMILY HOUSING
Multi-Family Housing Vacancy
6.0%
Multi-family vacancies reached 5.4% in 2025, a nearly-one percentage point increase from 4.5% in 2024. Q1 2026 has seen further increases in vacancy rates, reaching 6%, up 0.4 percentage points from the same quarter the previous year. This slight increase is largely due to new active construction projects filling the rental pipeline.
COVID-19 Q1 2020 - Q3 2023
Trendline
Q1 26
2023
2024
2025
Source: Colliers
Adobe West Fulton 617 Fulton St W & 17 Seward Ave NW Grand Rapids, MI Photo Credit: Construction Simplified
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