MARKET SNAPSHOT

Orlando Q1 2026

AVERAGE RENT

$1,741 Q1 2026

OCCUPANCY RATE

91.6% Q1 2026

NET ABSORPTION

7,449 T4Q

ANNUAL RENT CHANGE

-2.0% Q1 2026

ANNUAL OCCUPANCY CHANGE

-110 BPS

UNIT COMPLETIONS

10,213 T4Q

KEY TAKEAWAYS
Trailing 12-month deliveries of 10,213 units outpaced absorption of 7,442 units, sustaining lease-up competition, though four consecutive quarters of elevated absorption signal that underlying renter demand remains intact
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The construction pipeline is contracting sharply: trailing 12-month starts fell to 4,820 units from 8,267 one year ago, and the active pipeline has declined 30% to around 4.5% of the market’s base inventory.
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Average effective rent trends remain in negative territory on an annual basis, but a 0.7% quarterly gain in Q1 2026 offers an early stabilization signal that improves recovery potential as the market enters the spring leasing season.
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MARKET OUTLOOK

Orlando is navigating the tail end of a substantial supply cycle, consistent with conditions across many high-supply Sun Belt metros...

Featured Florida Research Reports:

Jhamil Moore - Senior Advisor

Jhamil Moore

Senior Advisor
Gonzo Bruno Rivera

Gonzalo Rivera

Associate

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