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Southeast DuPage County Multifamily Market Q4 2025 | Rising Vacancy, Stable Rents & Limited Construction
The Southeast DuPage County multifamily market Q4 2025 presents a mixed picture with 6.8% vacancy and 2.3% annual rent growth. While leasing activity has softened, pricing remains steady due to minimal new construction and a well-diversified renter base. Submarkets such as Downers Grove, Darien, and Woodridge remain stable, supported by access to jobs, schools, and transportation infrastructure.
Southeast DuPage County Multifamily Market Q4 2025 Overview
Key Metrics (Q4 2025)
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Vacancy Rate: 6.8%
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12-Month Rent Growth: 2.3%
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Average Asking Rent: $1,837 / month ($1.99 / SF)
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Units Under Construction: 160
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12-Month Absorption: -110 units
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12-Month Deliveries: 0 units
The Southeast DuPage County multifamily market Q4 2025 saw vacancy rise by 150 basis points over the year as absorption slowed in mid-2025. Despite weaker leasing velocity, rents remained positive, reflecting resilient tenant demand. Existing Class B and C assets show strong occupancy, helping offset softness in new deliveries.
Rent Growth and Vacancy | Southeast DuPage County Multifamily Market Q4 2025
Vacancy: 6.8% (Metro 3.4%)
Rent Growth: 2.3% YoY
Average Asking Rent: $1,837 / month
Average Rents by Property Class
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4 & 5 Star: $2,734 / month (Vacancy 5.0%)
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3 Star: $1,830 / month (Vacancy 8.2%)
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1 & 2 Star: $1,641 / month (Vacancy 5.2%)
Key Observations
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Class B properties remain the most stable, with high tenant retention.
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Rent levels are roughly $40 below the Chicago metro average, sustaining affordability.
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Despite rising vacancies, concessions remain limited to one month or less.
The Southeast DuPage County multifamily market Q4 2025 benefits from affordability and accessibility to I-355 and I-55 employment corridors. While leasing demand slowed, most operators report continued renewal activity and moderate rent increases in stabilized communities.
Cap Rates and Investment Activity | Southeast DuPage County Multifamily Market Q4 2025
12-Month Investment Summary
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Total Sales Volume: $76.8 million
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Properties Traded: 16 (397 units)
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Average Price per Unit: $210,000
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Market Cap Rate: 6.0%
Notable Transactions
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The Jade Residences @ Watertower (70 units) – Sold for $18.8M ($268,571 / unit)
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5152 Fairview Ave (10 units) – Sold for $1.5M ($150,000 / unit)
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725 W 65th St (6 units) – Sold for $1.15M ($191,666 / unit)*
Investor sentiment within the Southeast DuPage County multifamily market Q4 2025 remains balanced. Buyers are pursuing mid-sized, stabilized assets with strong historical occupancy and predictable cash flow. Cap rates remain near 6.0%, slightly below the suburban Chicago average.
Development Pipeline | Southeast DuPage County Multifamily Market Q4 2025
Under Construction: 160 units
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750 Curtiss Est – 138 units, by Conor Commercial Real Estate (delivering 2027)
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4915 Main St – 22 units, by Rex Engineering Group (delivering 2026)
Recent Deliveries:
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The Jade Residences @ Watertower – 70 units, delivered 2024
The Southeast DuPage County multifamily market Q4 2025 remains constrained by zoning restrictions and limited available land. The 160 units underway account for just 2.1% of existing stock, a low level that prevents oversupply and supports rent stability through 2026.
Market Fundamentals | Southeast DuPage County Multifamily Market Q4 2025
Occupancy and Leasing
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Vacancy peaked mid-2025 but is trending downward entering 2026.
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Average occupancy remains near 93%, slightly below the county average.
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Leasing velocity is expected to strengthen as job growth continues in Oak Brook and Downers Grove.
Rent Growth Drivers
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Steady white-collar employment base.
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Improved access to suburban amenities.
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Ongoing migration of households seeking suburban quality of life.
The Southeast DuPage County multifamily market Q4 2025 demonstrates a healthy equilibrium between rent affordability and investment yield.
2026 Outlook and Owner Strategy | Southeast DuPage County Multifamily Market Q4 2025
Forecasts for 2026
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Vacancy: ≈6.5%
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Rent Growth: +2.5% – +3.0%
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Cap Rates: 6.0% – 6.3%
Strategic Recommendations
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Focus on retention by renewing leases early.
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Maintain operational efficiency and light renovations for NOI protection.
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Monitor financing conditions; refinancing opportunities may re-emerge in late 2026.
Long-term fundamentals in the Southeast DuPage County multifamily market Q4 2025 remain sound. Employment nodes in Downers Grove, Oak Brook, and Lombard continue to sustain a reliable renter base, and limited construction will help support rent growth over the next 12 months.
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References
CoStar Market Analytics – Southeast DuPage County Multifamily Report
National Multifamily Housing Council (NMHC)
Chicago Multifamily Market Q4 2025 Update
Naperville Lisle Multifamily Market Q4 2025 Update
North DuPage County Multifamily Market Q4 2025 Update
CoStar