The unemployment rate for the fourth quarter of 2025 in the Lexington area landed at 2.9% , which is down 90 basis points (bps) from 3.8% in the third quarter of 2025. Lexington’s unemployment rate continues to remain lower than the national average, which was 4.4% for this quarter. Occupancy rates in the market are currently sitting at 95.5%, which is down 10 basis points from the second quarter. Average rents have decreased 0.4% per unit over the last six months but have increased 0.7% over the past twelve months. 331 units were completed in the last 12 months with an additional 1,390 units under construction, and 2,407 in the planning stages. Multifamily investment activity in Lexington saw moderate growth in Q3 and dropped off in Q4 2025. Overall the second half of 2025 is showing a 32.5% decrease in activity compared to the second half of 2024.