Tampa area renters absorbed 10,312 units over the past year, which was nearly double its 10-year annual average and among the highest on record.
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New construction is slowing, with Q2 2025 deliveries at a three-year low and the under construction pipeline down to 4.8% of existing inventory, the smallest share since mid-2019.
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Rent growth remained positive for a third straight quarter, supported by strong demand and easing supply. Occupancy held near 93% and is poised to rise as new deliveries slow.
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MARKET OUTLOOK
Tampa’s multifamily fundamentals are positioned for gradual improvement in the coming quarters...
