Pinnacle CenterRate on request
Multifamily Properties — Market Data & Listings
Multifamily Properties across 18 markets: 154 tracked properties, average asking rent $24.60/SF/yr and 7.2% vacancy. Browse listings for lease and for sale.
18Markets covered
154Properties tracked
$24.60/SFAvg asking rent
7.2%Avg vacancy
3,736,100 SFAvailable
Multifamily Properties by market
| Market | Buildings | Inventory SF | Vacancy | Avg rent | Rent YoY | Cap rate |
|---|---|---|---|---|---|---|
| Austin | 24 | 8,304,100 | 7.0% | $25.39 | 2.1% | 6.19% |
| Richmond | 23 | 8,017,900 | 6.0% | $22.35 | -0.7% | 5.51% |
| Dallas-Fort Worth | 21 | 7,779,700 | 7.4% | $23.17 | 2.4% | 6.00% |
| Washington DC | 22 | 7,254,700 | 7.3% | $23.29 | 2.5% | 6.60% |
| New York City | 19 | 5,302,900 | 7.7% | $20.71 | -0.2% | 5.57% |
| San Antonio | 11 | 3,986,200 | 8.2% | $27.06 | 5.2% | 8.17% |
| Houston | 8 | 2,822,600 | 7.0% | $26.15 | 1.7% | 7.13% |
| Northern New Jersey | 5 | 2,358,500 | 7.3% | $26.09 | 2.6% | 5.24% |
| Waco-Temple | 6 | 2,151,700 | 7.4% | $24.52 | 4.4% | 6.78% |
| Corpus Christi | 2 | 884,500 | 10.6% | $26.03 | 2.0% | 5.94% |
| Amarillo | 3 | 818,300 | 6.9% | $22.96 | 2.5% | 5.49% |
| Rio Grande Valley | 3 | 590,300 | 7.2% | $22.11 | 1.2% | 5.23% |
| Wichita Falls | 2 | 447,700 | 6.0% | $25.64 | -0.8% | 5.99% |
| Abilene-San Angelo | 1 | 442,300 | 6.9% | $26.85 | 4.0% | 6.74% |
| College Station | 1 | 377,700 | 2.6% | $24.35 | 3.8% | 7.03% |
| El Paso | 1 | 168,900 | 8.8% | $26.03 | 1.4% | 6.38% |
| Tyler-Longview | 1 | 158,200 | 9.2% | $25.14 | 3.1% | 7.37% |
| Lubbock | 1 | 123,100 | 6.2% | $25.03 | 2.8% | 5.98% |
Featured multi-family listings
1047 W 6th StRate on request
2508 E Cesar Chavez StRate on request
Capital LandingRate on request
923 Third AveRate on request
Sterling GatewayRate on request
1283 Wall StRate on request
482 McCarter HwyRate on request
Harbor CommonsRate on request
Heritage PlazaRate on request
Legacy CourtRate on request
Bluebonnet PointRate on request
154 multi-family properties are tracked in the markets RealStarGlobal covers, representing 51,989,300 SF of rentable building area, of which 3,736,100 SF is currently marketed as available.
the median marketed suite is 21,000 SF, and listings have been on market a median of 457 days.
The stock splits 49 Class A, 63 Class B, 42 Class C, with construction dates from 1906 to 2024 (median 1965).
The most concentrated submarkets are Southwest / Barton Creek (8), Bethesda (5), Flatiron / Union Square (5), Chesterfield (5), Fort Worth CBD (5).
Multi-Family space for lease by city
New York, NYAustin, TXHouston, TXSan Antonio, TXDallas, TXRichmond, VAWashington, DCFort Worth, TXEl Paso, TXNewark, NJHyattsville, MDDel Valle, TXFrisco, TXCorpus Christi, TXChester, VABethesda, MDAlexandria, VAArlington, VAThe Woodlands, TXLubbock, TXRound Rock, TXMidlothian, VAPlano, TXBrownsville, TXAmarillo, TXWaco, TXArlington, TXRichardson, TXGlen Allen, VACollege Station, TXMcLean, VASilver Spring, MDHoboken, NJMechanicsville, VAJersey City, NJWichita Falls, TXLongview, TXTemple, TXSan Angelo, TX
Multi-Family property for sale by city
New York, NYAustin, TXHouston, TXDallas, TXDel Valle, TXFrisco, TXAlexandria, VAArlington, VAThe Woodlands, TXMidlothian, VAAmarillo, TXWaco, TXJersey City, NJ
Other property types
Office SpacesIndustrial PropertiesRetail SpacesFlex SpacesMedical Office SpacesHospitality PropertiesLand
Frequently asked questions
What is the average asking rent for multi-family space?
Across the 18 markets RealStarGlobal tracks, multi-family asking rents average $24.60 per square foot per year, ranging from $20.71 to $27.06.
Which market has the most multi-family inventory?
Austin with 8,304,100 SF across 24 buildings.
What is the multi-family vacancy rate?
The tracked multi-family vacancy rate averages 7.2%. Lowest: College Station at 2.6%.
What cap rates do multi-family assets trade at?
Average asking cap rate is 6.30% at $324 per square foot.