MARKET SNAPSHOT

Orlando Q1 2025

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AVERAGE RENT

$1,776 Q1 2025

OCCUPANCY RATE

93.0% Q1 2025

QUARTERLY NET ABSORPTION

2,743 Q1 2025

ANNUAL RENT CHANGE

-0.8% Q1 2025

ANNUAL OCCUPANCY CHANGE

-50 BPS Q1 2025

QUARTERLY COMPLETIONS

3,644 Q1 2025

KEY TAKEAWAYS

Renter demand remains strong, with 12,400 units absorbed over the past year—representing 2.5% of all U.S. multifamily absorption.

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Construction is slowing, as new regulations and rising fees have led to project delays, pushing Q1 2025 starts to their lowest level since the pandemic.

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Occupancy and rents are stabilizing, with 93% market-wide occupancy and 3–4% renewal rent growth in stabilized high-end properties.

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MARKET OUTLOOK

Looking ahead, demand is expected to remain strong as Orlando continues to outpace national population growth, construction activity slows, and elevated interest rates keep homeownership out of reach for many residents...

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