Why Orlando - CW 2023 Q2-RFS

EFFECTIVE RENT VS STABILIZED OCCUPANCY RATE Multifamily Market Snapshot Q2 2023 195,000 UNITS Orlando Inventory

ABSORPTION VS COMPLETIONS

90.9% STABILIZED OCCUPANCY RATE Excludes Properties Still In Their Initial Lease-Up Period

$ 2.0k

15.0k

94 %

$ 1.5k

92 %

10.0k

$ 1.0k

Effective Rents Increased 39% Over the Past Five Years ENDING Q2 2023 AT $1,806 PER UNIT

90 %

5.0k

$ 0.5k

88 %

0.0k

Over 24,300 Units Under Construction AT MIDYEAR 2023

2018

2019

2020

2021

2022

2023 YTD

$ 0.0k

2018

2019

2020

2021

2022

2023 YTD

Effective Rent Per Unit

Stabilized Occupancy Rate

Construction Completions

Overall Net Absorption

43,106 Units Delivered SINCE Q2 2018

Over $22.7 Billion In Sales Over The Past 5 Years WITH 2021 ACCOUNTING FOR $7.2 BILLION

Cushman & Wakefield | Why Orlando

CoStar Data Depicted