MARKET SNAPSHOT

Tampa Q1 2025

DOWNLOAD THE FULL REPORT

AVERAGE RENT

$1,827 Q1 2025

OCCUPANCY RATE

93.3% Q1 2025

QUARTERLY NET ABSORPTION

2,740 Q1 2025

ANNUAL RENT CHANGE

1.8% Q1 2025

ANNUAL OCCUPANCY CHANGE

0 BPS Q1 2025

QUARTERLY COMPLETIONS

2,910 Q1 2025

KEY TAKEAWAYS

Renter demand remains strong, with net absorption holding steady over the past four quarters at levels well above the market’s historical average, partly fueled by hurricane-related displacement.

Click Here

Construction activity is moderating. While 11,700 units are underway, the pipeline is down nearly 30% year-over-year, and future deliveries are expected to decline, easing pressure on occupancy.

Click Here

Rents and occupancy rates are stabilizing, with two consecutive quarters of rent growth and a steady occupancy rate maintained over the past five quarters.

Click Here

MARKET OUTLOOK

Tampa’s multifamily market is well-positioned for continued growth and near-term stabilization, supported by strong renter demand, moderating construction, and rebounding rent trends...

READ THE FULL REPORT