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Southwest Florida’s apartment markets post steepest rent declines in the US

Persistent supply-demand imbalance decrease rents in Sarasota, Fort Myers and Naples
CoStar Analytics
October 15, 2025 | 1:42 P.M.

Southwest Florida’s multifamily markets are posting some of the steepest rent declines in the United States. New construction continues to outpace renter demand across Sarasota, Fort Myers and Naples.

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