MARKET SNAPSHOT

Orlando Q2 2026

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AVERAGE RENT

$1,691 Q2 2026

OCCUPANCY RATE

92.5% Q2 2026

NET ABSORPTION

9,826 T4Q

ANNUAL RENT CHANGE

-2.7% Q2 2026

ANNUAL OCCUPANCY CHANGE

10 BPS

UNIT COMPLETIONS

9,876 T4Q

KEY TAKEAWAYS

Demand and supply reached near parity on a trailing 12-month basis, the closest the market has been balanced in over a year, with all 13 submarkets contributing to four consecutive quarters of positive absorption. This points to genuinely broad-based renter demand rather than strength concentrated in a few corridors.

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The construction pipeline continues to contract meaningfully, with both starts and the active under-construction total down sharply from a year ago. This builds on last quarter's deceleration and points to a materially lighter delivery load heading into 2027.

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Rent and occupancy both showed their clearest signs of stabilization yet, with a second straight quarter of positive sequential rent growth and the first positive annual occupancy reading in some time. The annual rent comparison remains negative, but the underlying trend suggests the correction is losing momentum.

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MARKET OUTLOOK

Orlando's multifamily market is positioned at a late-cycle inflection point. The convergence of annual absorption and new completions levels signals that the worst of the supply-demand imbalance has passed...

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