What Lies Ahead for Orlando’s Multifamily Market

Orlando’s multifamily market has big shoes to fill in 2024. The construction pipeline at the beginning of the year totals more than 19,600 units, which is expected to swell the market's total inventory by more than 9%. Despite the supply influx, market sentiment has been improving, renter demand is strengthening, and an increasing number of investors appear anxious to start working on deals again should rent growth rise to a pace more in line with the Orlando market's 10-year average by the end of the year.