Tampa Multifamily Market Sets Vacancy, Rent Growth Records in First Quarter

Tampa, Florida’s multifamily market has arguably never been stronger. Rent growth is dramatically outperforming the national index, and at over 8%, Tampa has the third-highest annual growth rate in the nation. This is quite a contrast to the national picture, where asking rents returned to pre-pandemic levels in mid-February, a mark Tampa exceeded in May of last year.