Rent performance is expected to stabilize through 2026, with declines slowing as the market shifts from broad-based concessions to more selective, submarket-driven pricing. Nevertheless, Orlando is anticipated to continue underperforming most regional peer markets for rent growth in 2026.
Occupancy should hold near current levels and bottom in 2026 as improving supply-demand balance limits further softening and supports gradual stabilization. Similar to many other tourism-based markets in the Sun Belt, Orlando’s average occupancy rate will remain below the national average.
The construction pipeline is contracting meaningfully, which should relieve supply pressure and improve fundamentals over time. However, outcomes will remain uneven, with delivery-heavy submarkets lagging and lower-supply areas outperforming.
