Orlando Multifamily Report – March 2026
Fundamentals are dampening as the pipeline grows.
By the end of last year, Orlando’s multifamily market was characterized by its mixed fundamentals. The metro’s rent evolution turned negative in the second half of 2025 and followed the same pattern at the start of 2026. Average advertised asking rents were down 0.3 percent, on a trailing three-month basis through January, to $1,753. The rate was also 10 basis points below the U.S. average.
Orlando employment expanded 1.6 percent as of September, 80 basis points above the national rate. Education and health services led gains, accounting for 7,800 of the 15,000 net jobs added over the 12 months ending in September. The metro’s unemployment rate stood at 4.4 percent as of December, mirroring the U.S. figure, according to preliminary data from the Bureau of Labor Statistics. Flag Luxury Group plans to invest $1 billion in Orlando’s entertainment district. The project’s development timeline spans five to seven years. The district is expected to include a 700-room Intercontinental Hotel, a sports and entertainment complex, and other retail and dining facilities.
Orlando had 17,557 units underway as of January and remained an outlier for construction starts, recording an increase in projects breaking ground. Construction kicked off on 11,447 units across 49 properties in 2025. Investment saw a $1 billion increase from the previous year, as the metro closed 2025 with $2.7 billion in assets trading.
