Midwest and Northeast see biggest increases in multifamily construction starts

The Midwest is becoming a prominent destination for investors. According to CBRE, the average multifamily occupancy rate across Midwest metros was 95 percent last year, and continues to rise in 2025. Driven by persistent supply constraints, the Midwest multifamily market is poised for ongoing growth, with CBRE forecasting annual rent increases of 4 to 5 percent through 2027.