Michelle Rumore is Senior Director of Market Analytics at CoStar and Homes.com, where she analyzes residential and commercial real estate conditions across the Tampa Bay, Lakeland, and Southwest Florida region. She focuses on pricing, leasing, and sa...
Michelle Rumore is Senior Director of Market Analytics at CoStar and Homes.com, where she analyzes residential and commercial real estate conditions across the Tampa Bay, Lakeland, and Southwest Florida region. She focuses on pricing, leasing, and sales trends, as well as other real estate and broader economic developments that shape local market performance.
Michelle has nearly 15 years of experience in real estate research, having previously served as Senior Manager and Florida Research Lead at JLL and holding research roles at Cushman & Wakefield.
She earned a Bachelor of Science in Real Estate from Florida State University. Michelle regularly presents on market trends to groups such as CCIM and the Society of Real Estate Professionals (SOREP). She has been quoted extensively in the Tampa Bay Times, the Tampa Bay Business Journal, and the Wall Street Journal.
Large-scale retail development remains relatively uncommon across much of Florida as rising construction costs and limited available sites continue to constrain new projects. Sarasota has emerged as ...
Tampa’s retail availability rate has reached a four-year high, but tenants seeking large spaces still have relatively few options outside of backfills and build-to-suit development.
Tampa's multifamily investment market remains slow by historical standards as elevated vacancy, declining rents and uncertainty surrounding the timing of a market recovery continue to weigh on ...
Tampa's office market recorded roughly $1.1 billion in sales volume over the past year, up nearly 30% from the prior 12-month period. However, the increase in transaction activity has been driven ...
Tampa's retail investment market generated approximately $1.6 billion in sales volume over the past 12 months, up 15% from the prior year and well above the market's pre-pandemic average.
Florida's two largest multifamily growth stories are beginning to move in different directions. While both Tampa and Orlando work through the aftermath of an historic apartment construction boom, ...
Demand for Tampa's highest quality office buildings continues to outpace supply, leaving tenants with few options in downtown Tampa and Westshore as new construction remains limited.
Fort Myers' industrial vacancy rate has climbed to its highest level in more than a decade, as the market continues to work through a large wave of speculative development completed over the past ...
Tampa's industrial vacancy rate has climbed to a 15-year high. Leasing timelines have extended, tenants are more selective and landlords are working harder to get transactions across the finish line.
Industrial sales activity in Tampa continues to exceed historical norms, even as elevated borrowing costs and economic uncertainty weigh on investment decisions.
Lakeland's industrial market is showing signs that the pressures from the recent supply surge are beginning to fade. Vacancy has declined for two consecutive years as tenants have moved into space ...
Lakeland’s multifamily market remains under pressure from new construction, as one of Central Florida’s smallest apartment markets continues to work through a new supply wave.
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.
Employment trends across the Tampa Bay area point to a labor market that remains stable on the surface but is becoming increasingly uneven across industries.
Tampa’s multifamily market remains defined by a prolonged supply-demand imbalance, with new construction continuing to outpace renter demand, pushing vacancy to historic highs.
The Tampa Bay region, including Hillsborough and Pinellas counties, led the state of Florida in both percentage and nominal job growth for several sectors in 2025, according to the most recent ...
The Fort Myers multifamily market has been in the throes of a supply and demand imbalance for the better part of four years. As vacancies have risen, landlords have responded by lowering asking rents ...
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.