Orlando Multifamily Market Report – March 2025

Market Overview

Orlando’s multifamily sector continues to absorb record levels of new supply. While this has led to short-term softness—especially in Class A lease-ups—overall fundamentals remain relatively stable. Rent growth was slightly negative at -0.8% year-over-year, and vacancy hovered around 7%. Interestingly, lease renewal growth has outpaced new lease rates, a trend that reflects stickiness among existing tenants and the durability of demand in this high-growth Florida market.

About Yardi Matrix

Yardi Matrix is a leading authority in commercial real estate data, with a focus on high-resolution insights into multifamily, student housing, and industrial assets. Their reports combine rigorous field research with proprietary data and are widely used by institutional investors, lenders, and REITs. For a dynamic market like Orlando, Yardi’s platform provides granular analysis of everything from submarket-level rent trends to construction risk, helping stakeholders make better-informed investment and operational decisions.