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CoStar Insight

Tampa’s multifamily recovery sputters as supply overtakes demand in the third quarter

Rent growth flattens as supply pressures mount, demand moderates across the region
Broadstone at Marina Bay, a recently completed 325-unit apartment property in South Tampa. (David P. Hall / CoStar)
Broadstone at Marina Bay, a recently completed 325-unit apartment property in South Tampa. (David P. Hall / CoStar)
CoStar Analytics
October 15, 2025 | 4:02 P.M.

Tampa Bay’s multifamily market is facing renewed pressure as new supply has overtaken demand, pushing vacancy rates above 10% and stalling rent growth.

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