Renter demand in Orlando remains firmly positive, with trailing 12-month absorption of 10,005 units exceeding new deliveries for a second consecutive quarter.
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The construction pipeline has contracted to its smallest level in at least a decade, sitting 69% below its early 2023 peak at just 3.2% of inventory, which should steadily ease competitive pressure from new lease-ups through 2027.
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Occupancy improved 70 basis points year over year to 92.7%, while effective rents declined 2.1% to $1,658, with 11 of 13 submarkets still posting annual rent declines.
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MARKET OUTLOOK
Orlando's rental market enters the final quarter of 2026 on firmer footing than at any point since the 2023 construction peak...