New construction pushes Sarasota, Florida’s multifamily vacancy to decade high
Rents fall as concessions become widespread
Sarasota, Florida’s multifamily market is under pressure as new construction outpaces renter demand, driving vacancy rates to their highest levels in nearly a decade.”
Supply surge continues to challenge Fort Myers, Florida, multifamily market
Heightened vacancy puts downward pressure on asking rents
The Fort Myers, Florida, multifamily sector remains under pressure as new construction continues to outpace renter demand, pushing vacancy rates to decade highs and eroding rent gr...
Momentum builds in Lakeland, Florida’s industrial market
Large deals and improving tenant demand signal a turning point for vacancy
The Lakeland industrial market, near Tampa, Florida, is gaining traction in the second half of 2025, with momentum accelerating after two quarters of robust absorption.
Miami’s higher-end apartment supply wave pushes up vacancy
Rent growth slows as new completions outpace demand
Miami’s multifamily market is contending with elevated vacancy and slowing rent growth as new completions continue to outpace renter demand. The market’s vacancy rate has climbed t...
Flight to quality and new supply reshape Miami’s industrial landscape
Older buildings drive negative absorption
Miami’s industrial market is undergoing a notable shift as absorption has trended negatively, causing vacancy to rise and rent growth to moderate over the past year.
Demand moderates, but Miami’s office market still outperforms nationally
Fewer big deals, but premium space remains in high demand
Miami’s office market is showing signs of moderation, but it remains one of the strongest performers nationally.
Flight to quality a major theme in Tampa Bay, Florida’s industrial market
Tenant move-outs from older buildings push vacancy rate to an eight-year high
Tampa Bay, Florida's industrial market is facing headwinds in 2025. Tenant departures from older buildings and a slowdown in leasing activity for spaces larger than 100,000 square ...
Retail availability rises in Miami as store closures drive negative absorption
Fitness and discount retailers lead new box leasing activity
Retail leasing activity in Miami has softened over the past year as limited space availability and rising costs weigh on expansion plans. In addition, several national brands have ...
Tampa Bay, Florida’s multifamily market posts strongest absorption since 2021
Vacancy declines and rent growth return as demand outpaces supply
Tampa Bay’s multifamily market is showing renewed strength in 2025, with fundamentals improving considerably over the past few quarters.
Store closures offer positives in Tampa Bay’s retail market
Availability ticks up but remains near record low amid strong tenant demand
National-level bankruptcies and store closures have begun to put long-held retail space back into the Tampa Bay retail market after two years of record-low availability.
Tampa Bay’s office availability hits a five-year low
Demand for high-quality space fuels strong leasing activity
Tampa Bay’s office market is showing signs of renewed strength, driven by robust leasing activity in newer high-end buildings.
Two Florida markets within top 15 US markets for multifamily investment activity
Tampa and Orlando collectively comprised more than $4 billion in sales volume in past year
Multifamily investment activity is on the upswing in several U.S. markets, and two Florida cities are in the top 15 for trailing-year sales volume through the first half of 2025.
Retail availability rises in Southwest Florida markets
Store closures add new space to the market
Several Southwest Florida markets have seen a negative trailing 12-month absorption trend. Retail bankruptcies of national brands and subsequent store closures have put tens of tho...
Population growth fuels medical office demand in Tampa Bay
CoStar Group releases a new quarterly medical office report for major markets across the US
Over the past decade, the medical office market has emerged as a distinct asset class, clearly diverging from traditional office market fundamentals. This trend has been true acros...
Supply and demand mismatch drives steep decline in asking rents in Sarasota, Florida
Multifamily vacancy rate reaches 25-year high
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 resul...
Fort Myers, Florida’s industrial construction pipeline declines to 2019 level
The region’s vacancy rate is above 7% for the first time since 2014
The Fort Myers industrial construction pipeline has dropped below one million square feet for the first time since the third quarter of 2021. New construction has had a profound im...
Tampa Bay’s for-sale and rental performances diverge in 2025
Renter demand near historic level as home prices fall year over year, for fourth consecutive month
Nearly halfway through 2025, Tampa Bay’s residential housing market performance has shown considerable bifurcation.
New office buildings remain top target for tenants in Tampa Bay, if they can be found
Older, suburban office buildings make up the bulk of the region’s available office space
Sometimes fundamental statistics such as vacancy rate and absorption don’t jive with the overall market sentiment, and that is currently true for Tampa Bay's office market.
Renter demand sets new record in Lakeland, Florida's multifamily market
Vacancy rate declines after reaching an all-time high at the end of 2024
Multifamily absorption has been on an impressive run in the Lakeland, Florida, market over the past year, reaching all-time highs.
Industrial construction returning to pre-pandemic levels in Tampa Bay
Build-to-suits account for a sizable portion of new construction
As Tampa Bay’s industrial vacancy rate has risen over the past two years, causing developers to adapt to a changing market. Roughly 3.5 million square feet of new warehouse and dis...