“Commercial real estate cap rates exhibited a steady upward trajectory throughout 2025, according to CRED iQ’s comprehensive loan analytics, with overall market cap rates expanding from 5.91% in Q1 to 6.28% by year-end.
Multifamily properties demonstrated remarkable resilience, maintaining the tightest cap rate band among major property types. Starting at 5.63% in Q1 and finishing at 5.71% in Q4, multifamily’s mere 8-basis-point expansion reflects sustained investor confidence in residential fundamentals and the asset class’s defensive characteristics.”
Multifamily Market News 