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Supply surge continues to challenge Fort Myers, Florida, multifamily market

Heightened vacancy puts downward pressure on asking rents
Reva, a 255-unit apartment complex, was completed in June 2025 in Fort Myers, Florida. (CoStar)
Reva, a 255-unit apartment complex, was completed in June 2025 in Fort Myers, Florida. (CoStar)
CoStar Analytics
August 19, 2025 | 2:05 P.M.

The Fort Myers, Florida, multifamily sector remains under pressure as new construction continues to outpace renter demand, pushing vacancy rates to decade highs and eroding rent growth.

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