Tampa-St. Petersburg Multifamily Market Report 1Q 2026
The Tampa-St. Petersburg multifamily market is experiencing rebalancing as in-migration slows, with the metro projected to post its slowest annual population growth since 2011, and net absorption sharply declined in the second half of 2025 after six consecutive quarters above 2,000 units. Vacancy across Class A, B, and C properties remained in the 5 to 6 percent range heading into 2026, with construction deliveries expected to slow in some submarkets like West Pasco County-Hernando and the Peninsula while accelerating in Central Tampa and New Tampa-East Pasco County, though no deliveries are currently scheduled for 2027.
Published by Institutional Property Advisors. Global Real Estate Intelligence links to the original source and credits the publisher; all rights remain with them.
Provenance
- Publisher
- Institutional Property Advisors
- Obtained from
- Institutional Property Advisors (Marcus & Millichap)
- Published
- Mar 31, 2026
- Last updated
- Jun 28, 2026 (1 month ago)
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