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Sarasota, Florida, multifamily vacancy rate declines from record high

Supply pressure remains; Sarasota still posts some of the steepest losses in Florida
Isla Palmetto, a 264-unit multifamily property completed earlier this year in Sarasota, Florida. (CoStar)
Isla Palmetto, a 264-unit multifamily property completed earlier this year in Sarasota, Florida. (CoStar)
CoStar Analytics
July 9, 2026 | 1:29 P.M.

After reaching a record high late last year, Sarasota's apartment vacancy rate has begun to trend lower as renter demand catches up to a wave of new construction.

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