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Multifamily Rent Growth Moderating in Two of the Nation's Hottest Markets

Slowing Pace Could Help Combat Rising Affordability Gap in Orlando and Tampa

After rising through much of 2021, year-over-year apartment rent growth in the Central Florida markets of Orlando, pictured left, and Tampa, right, appears to be leveling off. (iStock)
After rising through much of 2021, year-over-year apartment rent growth in the Central Florida markets of Orlando, pictured left, and Tampa, right, appears to be leveling off. (iStock)

There is a rising disparity between income levels and the escalating cost of housing in Central Florida, and many households have felt the pinch. Single-family home prices have risen dramatically during the pandemic, due in-part to a shortage of available inventory, historic buyer demand and a slower rate of construction amid shortages and delays in construction materials and labor.

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