Market Spotlight: Tampa
Tampa was at the forefront of the multifamily recovery last year and has similarly typified the challenges of the new environment.
Checking in on the Construction Pipeline
With the end of the year approaching, it is time for a check-in on the multifamily new construction pipeline.
Occupancy Likely to Remain Elevated Through End of 2022
Average occupancy has been on the decline in recent months, but thanks to last year’s apartment demand, plenty of cushion remains.
Top 5: 2022 New Supply
Even with continued difficulties for new construction, more than 100,000 new units were delivered across the US through April.
Construction Delays Outpacing Pipeline Growth
The multifamily new construction pipeline continues to grow, but so too does the average construction duration.
Deliveries Are Up from Previous Years, but So Are Construction Times
The new construction pipeline has already delivered nearly 250,000 new units this year, but construction times continue to rise.
Construction Deliveries Continue Apace Despite Challenges
Despite persistent challenges, the construction pipeline continues to deliver new units at a torrid pace.
Market Spotlight: Orlando
The Orlando market was especially impacted in 2020, but the area is off to a blazing start to 2021.
Even With Delays, New Units Surge
Rising costs and construction delays are increasingly a story in multifamily, but new supply volume continues to be higher than in recent years.