Matrix Multifamily Tampa Report-July 2023 July 31, 2023

Tampa rents rebound

Rents increased 0.3 percent on a T3 basis through May, to $1,815, with the Renter-by-Necessity segment driving growth. Transactions slowed, with $440 million closed and an average price per unit of $176,074 in the first five months of 2023.