Matrix Multifamily Orlando Report-July 2022 July 27, 2022

Strong Demand Supports Central Florida’s Rental Market

Orlando posted solid fundamentals across the board at the end of 2022’s first five months. Rents grew by 1.2 percent on a T3 basis through May to an average of $1,796, while sales amounted to $2.5 billion. The occupancy rate also improved, up 90 basis points year-over-year in April.