POV: Multifamily developers—2025 is shaping up to be your comeback year.

The past year has been rough, no question.

With multifamily construction starts down 27.8% and permits down 18.8%, it’s been a steady uphill battle.

But here’s the good news: we’re already seeing the tide turn.

Data shows multifamily construction is moving back into recovery, and projections for 2025 are promising.

Starts are expected to bounce back up by 19.5%, a clear sign that growth is on the horizon.

Vacancy rates are also trending in our favor.

With the current apartment vacancy rate at 4.2%—below the 10-year average of 4.6%—demand remains steady.

This tells us that as supply expands in 2025, demand will be there to meet it.

The takeaway? Now is the time to gear up.

If you’re in multifamily, it’s time to start prepping for the rebound so you can take advantage of what’s shaping up to be a strong growth year.

Let’s connect if you want to discuss how to make the most of 2025’s multifamily potential.