South Florida leads Florida’s six major multifamily metro in stabilized occupancy at 94.2%, despite elevated construction activity.
South Florida was the only major Florida metro with positive rent growth in Q4 2025, with effective rent at $2,395 in 2025, with rents forecast to rise to $2,402 by Q4 2026.
The pipeline remains elevated, with 30,025 units under construction at year-end 2025, about 13% greater than historical norms, keeping select submarkets competitive even as completions moderate from peak levels.
South Florida’s rental market is best characterized as holding steady entering 2026, supported by a resilient economic base and a demand profile that continues to run near long-term norms...
