Multifamily trends have changed considerably over the past few quarters in Tampa Bay. Absorption, the net changes in occupancy, has outpaced new unit completions over the trailing 12-month period for the first time since 2021, resulting in reduced vacancy. The tighter conditions also resulted in two consecutive quarters of positive rent growth.
Tampa Bay's multifamily market shows signs of recovery
With the decline in vacancy, the region posted two consecutive quarters of rent growth, reversing five quarters of rent declines
CoStar Analytics
May 7, 2025 | 5:48 P.M.
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