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Tampa Bay multifamily sales pricing has increased for two consecutive quarters

Improved renter demand, slowing pipeline and positive rent growth set stage for further gains in 2025
930 Central Flats in downtown St Petersburg traded for $371,000 per unit in 2024. (CoStar)
930 Central Flats in downtown St Petersburg traded for $371,000 per unit in 2024. (CoStar)
CoStar Analytics
February 24, 2025 | 2:58 P.M.

Tampa Bay’s multifamily pricing trough has likely passed as the region’s market price per unit has increased for two consecutive quarters. Tampa Bay's multifamily market was the most transacted in Florida, with a total sales volume of $2.2 billion over the past year.

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