Why Orlando Research Report

MULTIFAMILY SNAPSHOT | 2Q 2021

10,100 SF Under Construction

182,500 SF TOTAL INVENTORY

PRICE PSF $185,000

CAP RATE 5.8%

AVERAGE RENT/UNIT $1,520

DIRECT VACANCY 12.3%

YTD COMPLETIONS 348

YTD ABSORPTION 651 UNITS

Deliveries & Absorption Rate

Rental Rate/Unit & Vacancy

0 0 0 0 0 0 0

0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 8,000 9,000

$1,000 $1,200 $1,400 $1,600 $1,800

10.0%

8.0%

6.0%

$0 $200 $400 $600 $800

4.0%

2.0%

0.0%

2012 2013 2014 2015 2016 2017 2018 2019 2020 2Q21

2012 2013 2014 2015 2016 2017 2018 2019 2020 2Q21

Deliveries YTD

Absorption % of Inventory

Rent per Unit

Class A Rent per Unit

Vacancy

Why Orlando Report | 2Q21

Cushman & Wakefield | 18