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Tampa Multifamily Market Experiences Unprecedented Demand Surge

Average Vacancy Rate Falls to Record Low; Rent Growth Spikes to Record High
By Brian Alford
CoStar Analytics
July 2, 2021 | 6:03 P.M.

Multifamily demand has never been higher in Tampa, Florida, with more than 5,200 units of net absorption in the first half of 2021. The unparalleled demand has driven Tampa’s average vacancy rate below 5% for the first time on record.

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