Chart of the Week: Multifamily Market Share by Capital Source

This Chart of the Week focuses on the distribution of the multifamily market share by capital source. The multifamily market is a fundamental part of the broader commercial real estate market, and originations have been strong throughout 2025. The figure reports MBA estimates of the shares of originations by each capital source, overlaid with total multifamily origination volumes.

CBRE: Multifamily Market Sees Vacancy Rate Decline

CBRE, Dallas, reported the U.S. multifamily market’s vacancy rate fell in the third quarter for the first time in more than two years, with renter demand outpacing new supply deliveries.