Marketbeat Orlando Multifamily Q2 2025

Market Overview

Through mid-2025, Orlando’s population continued to grow and is projected to surpass 3.0 million by year-end as nonfarm employment rose by 33,400 jobs. Year-to-date net absorption reached 5,488 units, while deliveries have slowed—down 13 percent from the same period in 2024—with 6,173 units completed. Stabilized occupancy slipped to 92.7 percent, the weakest level since Q4 2020, while effective average rent declined 1.2 percent year-over-year to $1,801. The pipeline also contracted, with 12,262 units under construction—the lowest volume since the current building cycle began—creating room for lease-up of prior completions.

About Cushman & Wakefield

Cushman & Wakefield is a global commercial real estate services firm headquartered in Chicago and operating in roughly 60 countries. The firm offers integrated expertise across leasing, capital markets, property management, valuation, and advisory services. Their MarketBeat reports combine proprietary data and local market insights to help investors, owners, and developers understand and act on regional multifamily trends.