$0
Average Rent
$1,713 average rent in Tampa, Q2 2026
0%
Occupancy Rate
89% occupancy rate Tampa, Q2 2026
0
T4Q Net Absorption
4,912 T4Q net absorption in Tampa, Q2 2026
0%
Annual Rent Change
-4% annual rent change in Tampa, Q2 2026
0
BPS Annual Occupancy Change
-110 BPS annual occupancy change in Tampa, Q2 2026
0
T4Q Unit Completions
8,265 T4Q net absorption in Tampa, Q2 2026
Key Takeaways
- Trailing 12-month deliveries of 8,262 units have outpaced absorption of 4,912 units, sustaining lease-up competition and contributing to a 110 basis point annual occupancy decline to 91.4%. Nevertheless, there were 2,127 absorptions in Q2 alone, contributing to a 20 basis point gain from Q1.
- The supply pipeline is downshifting, with trailing 12-month starts declining 24% to 7,390 units and 12,857 units remaining under construction at 5.2% of inventory, signaling a path toward reduced delivery pressure by mid-2027.
- Effective rents of $1,713 per unit reflect a 4.0% annual decline, though two consecutive quarters of sequential growth suggest an early pricing inflection as the market moves past its supply cycle peak.
Market Outlook
Tampa’s multifamily market is navigating the late stages of its most significant supply cycle in recent history. Trailing 12-month starts have pulled back 24%…
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