$0
Average Rent
$1,709 average rent in Tampa, Q3 2026
0%
Occupancy Rate
92% occupancy rate Tampa, Q3 2026
0
T4Q Net Absorption
6,859 T4Q net absorption in Tampa, Q3 2026
0%
Annual Rent Change
-3% annual rent change in Tampa, Q3 2026
0
BPS Annual Occupancy Change
-10 BPS annual occupancy change in Tampa, Q3 2026
0
T4Q Unit Completions
7,609 T4Q net absorption in Tampa, Q3 2026
KEY TAKEAWAYS
- Renter demand in Tampa has accelerated meaningfully with net absorption roughly four times the year-ago level and annual absorption now covering about 90% of new completions.
- Supply pressure continues to recede, with construction starts down 26% from a year ago and the active pipeline at its lowest level since late 2020, positioning the market for further moderation in deliveries through 2027.
- Occupancy has firmed 40 basis points from its late-2025 low to 91.8%, though effective rents remain under pressure, declining 2.5% year over year as concessions persist across most submarkets.
MARKET OUTLOOK
Tampa’s rental market is moving steadily toward balance after absorbing an extended wave of new supply. Net absorption has been positive in every quarter since late 2022, demand outpaced completions this quarter by a comfortable margin…
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