The unemployment rate for the second quarter of 2025 in the Lexington area landed at 3.7% which is down 40 basis points (bps) from 4.1% in the fourth quarter of 2024. Lexington’s unemployment rate continues to remain lower than the national average, which was 4.1% for this quarter. Occupancy rates in the market are currently sitting at 95.3%, which is down 20 basis points from the fourth quarter. Asking rents have decreased 0.6% per unit over the last twelve months. 696 units were completed in the last 12 months with an additional 1,068 units under construction, and 1,475 in the planning stages. Multifamily investment activity in Lexington has seen a moderate increase in Q1 and Q2 2025 with an overall 26.8% increase compared to this quarter last year.