Lee & Assosciates 2025 Q3 Fort Myers FL Multifamily

Market Overview

‍The multifamily market in Fort Myers, Florida is under significant supply pressure in Q3 2025. Vacancy remains elevated at 15.0 percent, while average asking rent fell to around $1,699 per unit. Although net absorption for the past twelve months reached 2,403 units, construction is active with over 5,420 units currently under way. These dynamics have created a tenant-favourable environment, with concessions becoming more common as landlords adjust to rising supply.

‍About Lee & Associates

‍Lee & Associates is a full-service commercial real estate advisory firm operating across the U.S. Their Fort Myers Q3 2025 market report compiles metro-level data on absorption, vacancy, rents, deliveries and pipeline trends to help owners, developers and investors assess timing, supply risk and competitive positioning. To read the full report, click here.