MARKET SNAPSHOT

Florida Panhandle q3 2025

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AVERAGE RENT

$1,563 Q3 2025

OCCUPANCY RATE

90.2% Q3 2025

NET ABSORPTION

2,429 YTD Q3 2025

ANNUAL RENT CHANGE

-2.4% Q3 2025

ANNUAL OCCUPANCY CHANGE

-150 BPS Q3 2025

COMPLETIONS

1,996 YTD Q3 2025

KEY TAKEAWAYS
Net absorption reached 768 units in Q3 2025—up 19% year over year—marking the third straight quarter of strong leasing momentum across the Florida Panhandle.
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The construction pipeline has contracted significantly, with 2,660 units currently underway—down from a peak of 7,400.
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Fundamentals are expected to stabilize into 2026 as the construction pipeline slows and supply-demand balance improves, though near-term rent growth will remain soft due to concessions and ongoing lease-ups at recently delivered properties.
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MARKET OUTLOOK

Multifamily fundamentals in the Florida Panhandle are expected to gradually stabilize moving into 2026 as new construction continues to slow and recent deliveries progress through lease-up...

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Featured Florida Research Reports:

Matt Ledom - Senior Managing Director

Matt Ledom

Senior Managing Director

matt.ledom@mmgrea.com

Jhamil Moore - Senior Advisor

Jhamil Moore

Senior Advisor

jhamil.moore@mmgrea.com

Michael Barrett

Michael Barrett

Associate

michael.barrett@mmgrea.com

Gonzo Bruno Rivera

Gonzalo Rivera

Associate

gonzo.rivera@mmgrea.com

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