Tampa, Florida

Year over Year as of 6/30/21

Tampa, Florida

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

    1.18%

  • Rent Growth

    13%

  • Employment Growth

    1.2%

  • Occupancy Rate

    97%

  • New Supply

    6,150 Units

  • % of Stock

    3.2%

  • Acquisition Price

    6%

  • Cap Rate

    -20 bps

Market Dynamics

Tampa’s relative affordability and favorable lifestyle has attracted migration from other areas of the country. Demand has outpaced new supply producing a sizable rent gain and reducing vacancy to an all-time low of 3.1%.

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

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