Orlando, Florida

Year over Year as of 6/30/21

Orlando, Florida

Year over Year as of 6/30/21
  • Population Growth

    1.93%

  • Rent Growth

    8.1%

  • Employment Growth

    -5.5%

  • Occupancy Rate

    96.2%

  • New Supply

    8,980 units

  • % of Stock

    3.5%

  • Acquisition Price

    2.2%

  • Cap Rate

    -20 bps

Market Dynamics

After significant employment losses during the height of the pandemic causing occupancy and rental rates to decline, the job market rebounded in 2021 stoking rental demand. Orlando ranks second among major markets in the US for projected household formation in 2021.

Sources: CoStar, Real Capital Analytics, RealPage, Marcus & Millichap

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