MARKET SNAPSHOT

Cincinnati q1 2025

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AVERAGE RENT

$1,302 Q1 2025

OCCUPANCY RATE

94.0% Q1 2025

QUARTERLY NET ABSORPTION

471 Q1 2025

ANNUAL RENT CHANGE

2.4% Q1 2025

ANNUAL OCCUPANCY CHANGE

-50 BPS Q1 2025

QUARTERLY COMPLETIONS

884 Q1 2025

KEY TAKEAWAYS
Renter demand remains above historical averages, supported by Cincinnati’s affordability and stable economic base.
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Nearly 4,000 units were delivered in the past year, but the pipeline is shrinking, with deliveries expected to fall 50% by the end of 2025.
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Rent growth averaged 2.4%—more than double the national rate of roughly 1.0%.
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MARKET OUTLOOK

Cincinnati’s multifamily market is well-positioned for continued strength in the near term, supported by a combination of solid demand fundamentals, moderating supply, and...

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Picture of Brian Hall

Brian Hall

Senior Director

brian.hall@mmgrea.com

Evan Lisle

Evan Lisle

Associate Advisor

evan.lisle@mmgrea.com

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