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What to watch in Tampa Bay, Florida’s multifamily market in 2026

New supply remains the central storyline as vacancy hits record highs
MAA Breakwater a 495-unit multifamily property, which was completed in early 2025. (CoStar)
MAA Breakwater a 495-unit multifamily property, which was completed in early 2025. (CoStar)
CoStar Analytics
January 23, 2026 | 3:35 P.M.

Tampa Bay’s multifamily market enters 2026 at a crossroads, with vacancy rates climbing to a record 10.7%, the highest level since CoStar began tracking the market in 2000.

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News | What to watch in Tampa Bay, Florida’s multifamily market in 2026