Despite a resurgence in renter demand, a consistently robust construction pipeline has pushed Sarasota’s multifamily vacancy to a 25-year high of 16.5%, as of June 2025. As a result, landlords have had to adjust pricing strategies by dropping rates and offering concessions.
Supply and demand mismatch drives steep decline in asking rents in Sarasota, Florida
Multifamily vacancy rate reaches 25-year high
CoStar Analytics
June 11, 2025 | 4:03 P.M.
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