MARKET SNAPSHOT Tampa Q3 2025

Market Overview

‍After a record‐setting 2024 for completions, the Tampa Bay multifamily market is settling into a more sustainable rhythm in Q3 2025. Average rent stands near $1,786, occupancy is 92.1 % and year-to-date absorption reached 5,441 units even as 6,982 units delivered. Though annual rent growth stalled at 0.0 % and occupancy slipped 100 basis points, the pull-back in completions for three straight quarters suggests the worst of the oversupply cycle may be behind the market and sets the stage for firmer rent growth in early 2026.

‍About MMG

‍MMG Real Estate Advisors is a U.S.-based multifamily research and advisory firm that publishes metro-level quarterly reports on rent, occupancy, absorption, completions and pipeline trends. Their Tampa Q3 2025 market report offers owners, developers and investors a data-driven lens on timing, supply risk and strategic positioning. To read the full report, click here.