The completion of more than 9,000 apartment units over the past five quarters has ballooned Tampa's multifamily market to a vacancy rate of 7.3% as of May 2023, the highest it’s been since late 2018. More units were completed in 2022 than in any year since CoStar started tracking the market in 2000.
Tampa’s Multifamily Vacancy Rate Reaches Pre-Pandemic Levels
Surge in Construction Occurs During Muted Renter Demand
CoStar Analytics
May 8, 2023 | 4:45 P.M.
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