Why Orlando

EFFECTIVE RENT VS STABILIZED OCCUPANCY RATE Multifamily Market Snapshot Q1 2024 207,098 UNITS Orlando Inventory

ABSORPTION VS COMPLETIONS

93.1% STABILIZED OCCUPANCY RATE Excludes Properties Still In Their Initial Lease-Up Period

$ 2.0k

97 %

15.0k

96 %

$ 1.5k

95 %

10.0k

$ 1.0k

94 %

Effective Rents Increased 25.5% Over the Past Five Years ENDING Q1 2024 AT $1,756 PER UNIT

5.0k

93 %

$ 0.5k

92 %

0.0k

18,153 Units Under Construction AT END OF Q1 2024

2020

2021

2022

2023

2024 YTD

$ 0.0k

91 %

1Q19

1Q20

1Q21

1Q22

1Q23

1Q24

Effective Rent Per Unit

Stabilized Occupancy Rate

Construction Completions

Overall Net Absorption

55,891 Units Delivered SINCE 2019

Over $20.7 Billion In Sales Over The Past 5 Years WITH 2021 RECORD-SETTING $7.2 BILLION

Cushman & Wakefield | Why Orlando

CoStar Data Depicted