Tampa Multifamily Market Report – July 2025

Market Overview

‍The Tampa Bay multifamily market is settling into a calmer phase in Q3 2025. Asking rent averaged $1,786 per unit, occupancy held at 92.1 percent, and net absorption reached 5,441 units year-to-date, while 6,982 units delivered over the same period. Though annual rent growth is flat at 0.0 percent, the slowing pace of new supply suggests the worst of the oversupply cycle may be behind the market.

‍About Yardi Matrix

‍Yardi Matrix is a data-driven research firm specialising in multifamily housing markets. Their Tampa Q3 2025 market report integrates data on rent trends, occupancy, new supply and pipeline dynamics to help owners, developers and investors refine timing, assess risk and calibrate strategy. To read the full report, click here.