Orange County Multifamily Market Holds Steady as New Supply Concentrates in Irvine

Rents edge higher and vacancy remains flat year-over-year, while nearly two-thirds of the county's 5,573-unit construction pipeline targets a single submarket Orange County's multifamily market entered 2026 on stable footing, with occupancy holding at 95.9 percent and average effective rents climbing modestly to $2,736 per unit per month, according to Colliers' Q1 2026 Multi-Family Report. […]