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New construction pushes Sarasota, Florida’s multifamily vacancy to decade high

Rents fall as concessions become widespread
The Concord, a 257-unit apartment complex completed in March 2025 in Sarasota, Florida. (CoStar)
The Concord, a 257-unit apartment complex completed in March 2025 in Sarasota, Florida. (CoStar)
CoStar Analytics
August 19, 2025 | 7:30 P.M.

Sarasota, Florida’s multifamily market is under pressure as new construction outpaces renter demand, driving vacancy rates to their highest levels in nearly a decade.”

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