Matrix Multifamily Tampa Report-July 2025

Market Overview

Tampa’s multifamily sector continues to absorb high levels of new inventory. Asking rents dipped 0.1 percent over the trailing three months through May, but remain up 0.4 percent year-over-year at an average of $1,818. Occupancy stood at 94.4 percent, matching the national average, despite pressures from approximately 4,500 newly delivered units and nearly 17,400 units currently under construction.

About Yardi Matrix

Yardi Matrix is a leading provider of commercial real estate data and analytics across multifamily, student housing, office, industrial, self-storage, and other asset types. Their metro-level multifamily reports deliver current insights on rent trends, occupancy levels, supply pipelines, and market dynamics—designed to inform strategic decisions by investors, operators, and analysts.