Florida Panhandle 3Q 2024 Market Report
Research Multifamily Market Reports Florida Panhandle 3Q 2024 MARKET SNAPSHOT Florida Panhandle 3Q 2024 AVERAGE RENT $1,612 3Q 2024 OCCUPANCY RATE 92.2% 3Q 2024 QUARTERLY NET DEMAND 798 [YTD: 2,644] YoY RENT CHANGE 0.6% 3Q 2024 YoY OCCUPANCY CHANGE -10 BASIS POINTS QUARTERLY COMPLETIONS 1,179 [YTD: 3,305] KEY TAKEAWAYS The Florida Panhandle multifamily market is […]
Jacksonville 3Q 2024 Market Report
Research Multifamily Market Reports Jacksonville 3Q 2024 MARKET SNAPSHOT Jacksonville 3Q 2024 AVERAGE RENT $1,485 3Q 2024 OCCUPANCY RATE 90.4% 3Q 2024 QUARTERLY NET DEMAND 2,063 [YTD: 5,638] YoY RENT CHANGE -2.3% 3Q 2024 YoY OCCUPANCY CHANGE -70 BASIS POINTS QUARTERLY COMPLETIONS 1,969 [YTD: 6,658] KEY TAKEAWAYS Despite a historic supply wave, Jacksonville’s rental market […]
Orlando 3Q 2024 Market Report
Research Multifamily Market Reports Orlando 3Q 2024 MARKET SNAPSHOT Orlando 3Q 2024 AVERAGE RENT $1,766 3Q 2024 OCCUPANCY RATE 93.4% 3Q 2024 QUARTERLY NET DEMAND 3,946 [YTD: 11,270] YoY RENT CHANGE -1.5% 3Q 2024 YoY OCCUPANCY CHANGE +30 BASIS POINTS QUARTERLY COMPLETIONS 5,080 [YTD: 12,276] KEY TAKEAWAYS The disparity between new supply and demand is […]
Tampa 3Q 2024 Market Report
Research Multifamily Market Reports Tampa 3Q 2024 MARKET SNAPSHOT Tampa 3Q 2024 AVERAGE RENT $1,770 3Q 2024 OCCUPANCY RATE 92.9% 3Q 2024 QUARTERLY NET DEMAND 3,131 [YTD: 6,461] YoY RENT CHANGE -1.9% 3Q 2024 YoY OCCUPANCY CHANGE -60 BASIS POINTS QUARTERLY COMPLETIONS 3,212 [YTD: 10,456] KEY TAKEAWAYS Tampa Bay’s apartment market demonstrated solid absorption in […]
Florida Panhandle 3Q 2024
An interactive look into the Multifamily Construction Pipeline in Q3 for the Florida Panhandle area.
Jacksonville 3Q 2024
An interactive look into the Multifamily Construction Pipeline in Q3 for Jacksonville, Florida
Orlando 3Q 2024
An interactive look into the Multifamily Construction Pipeline in Q3 for Orlando, Florida.
Tampa 3Q 2024
An interactive look into the Multifamily Construction Pipeline in Q3 for Tampa, Florida
Florida Panhandle 2Q 2024 Report
Florida Panhandle 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,583 2Q 2024 2Q 2024 RENT CHANGE 0.3% OCCUPANCY RATE 92.1% 2Q 2024 ANNUAL OCCUPANCY CHANGE -20 BASIS POINTS QUARTERLY DEMAND 1,189 [YTD: 1,723] QUARTERLY COMPLETIONS 738 [YTD: 2,116] KEY TAKEAWAYS 2Q 2024 recorded a net absorption of 1,189 units, which surpassed the 738 new […]
Jacksonville 2Q 2024 Report
Jacksonville 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,466 2Q 2024 2Q 2024 RENT CHANGE -3.0% OCCUPANCY RATE 90.7% 2Q 2024 ANNUAL OCCUPANCY CHANGE 120 BASIS POINTS QUARTERLY DEMAND 2,298 [YTD: 3,563] QUARTERLY COMPLETIONS 1,962 [YTD: 4,811] KEY TAKEAWAYS In the second quarter of 2024, heightened rental activity in Jacksonville led to robust net […]
Orlando Q2 2024 Report
Orlando 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,765 2Q 2024 2Q 2024 RENT CHANGE -1.9% OCCUPANCY RATE 93.6% 2Q 2024 ANNUAL OCCUPANCY CHANGE -20 BASIS POINTS QUARTERLY DEMAND 3,795 [YTD: 7,101] QUARTERLY COMPLETIONS 2,427 [YTD: 6,673] KEY TAKEAWAYS In a striking reversal from a trend that persisted for eight quarters, the Orlando multifamily […]
Tampa 2Q 2024 Report
Tampa 2Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,754 2Q 2024 2Q 2024 RENT CHANGE -2.1% OCCUPANCY RATE 93.2% 2Q 2024 ANNUAL OCCUPANCY CHANGE -70 BASIS POINTS QUARTERLY DEMAND 2,740 [YTD: 4,204] QUARTERLY COMPLETIONS 2,559 [YTD: 7,211] KEY TAKEAWAYS Tampa’s multifamily market is gaining momentum, with 2Q 2024 showing robust rental demand, as net […]
Florida Panhandle 2Q24
An interactive look into the Multifamily Construction Pipeline in Q2 for Florida Panhandle
Jacksonville 2Q24
An interactive look into the Multifamily Construction Pipeline in Q2 for Jacksonville, FL
Orlando 2Q24
An interactive look into the Multifamily Construction Pipeline in Q2 for Orlando, Florida
Tampa 2Q24
An interactive look into the Multifamily Construction Pipeline in Q2 for Tampa, Florida
Jacksonville Q1 2024 Report
Jacksonville 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,451 1Q 2024 1Q 2024 RENT CHANGE -3.8% OCCUPANCY RATE 90.5% 1Q 2024 ANNUAL OCCUPANCY CHANGE -210 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 12.1% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE -2.0% (FEB 2024) * Please note that these employment figures have been adjusted for […]
Orlando Q1 2024 Report
Orlando 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,743 1Q 2024 1Q 2024 RENT CHANGE -3.5% OCCUPANCY RATE 93.3% 1Q 2024 ANNUAL OCCUPANCY CHANGE -80 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 10.8% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE 5.1% (FEB 2024) * Please note that these employment figures have been adjusted for […]
Panama City Q1 2024 Report
Panama City 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,527 1Q 2024 1Q 2024 RENT CHANGE -0.7% OCCUPANCY RATE 92.6% 1Q 2024 ANNUAL OCCUPANCY CHANGE -100 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 14.5% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE -3.6% (FEB 2024) * Please note that these employment figures have been adjusted for […]
Tampa Q1 2024 Report
Tampa 1Q 2024 Market Report MARKET SNAPSHOT AVERAGE RENT $1,750 1Q 2024 1Q 2024 RENT CHANGE -1.5% OCCUPANCY RATE 93.1% 1Q 2024 ANNUAL OCCUPANCY CHANGE -110 BASIS POINTS TOTAL OPERATING EXPENSE ANNUAL CHANGE 11.8% (FEB 2024) NET OPERATING INCOME ANNUAL CHANGE 3.3% (FEB 2024) * Please note that these employment figures have been adjusted for […]
Jacksonville 2024 Forecast
Jacksonville 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,443 4Q 2023 $1,478 4Q 2024 2024 RENT CHANGE 2.4% OCCUPANCY RATE 90.6% 4Q 2023 90.3% 4Q 2024 2024 OCCUPANCY CHANGE -30 points EMPLOYMENT* 805.4K 2023 819.7K 2024 UNEMPLOYMENT RATE** 2.8% 2023 3.6% 2024 * Please note that these employment figures have been adjusted for seasonal variations […]
Orlando 2024 Forecast
Orlando 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,724 4Q 2023 $1,756 4Q 2024 2024 RENT CHANGE 1.4% OCCUPANCY RATE 93.1% 4Q 2023 92.8% 4Q 2024 2024 OCCUPANCY CHANGE -30 points EMPLOYMENT* 1.44M 2023 1.46M 2024 UNEMPLOYMENT RATE** 2.8% 2023 3.8% 2024 * Please note that these employment figures have been adjusted for seasonal variations […]
Tampa 2024 Forecast
Tampa 2024 Market Forecast MARKET SNAPSHOT AVERAGE RENT $1,730 4Q 2023 $1,793 4Q 2024 2024 RENT CHANGE 3.6% OCCUPANCY RATE 93.4% 4Q 2023 93.1% 4Q 2024 4Q 2024 OCCUPANCY CHANGE -30 POINTS EMPLOYMENT* 1.53M 2023 1.55M 2024 UNEMPLOYMENT RATE** 2.8% 2023 3.7% 2024 * Please note that these employment figures have been adjusted for seasonal variations and are based […]
Jacksonville Q3 2023
Read the MMG Research departments in-depth analysis and insights into the Tampa Multifamily Market for Q3 2023.
Orlando Q3 2023
Read the MMG Research departments in-depth analysis and insights into the Tampa Multifamily Market for Q3 2023.