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High Supply in TampaDespite record new deliveries totaling 8,284 units in 2023, Tampa’s occupancy rate slid by just 50 basis points in the 12 months ending in November, to 94.2 percent. Meanwhile, rents declined 30 bps on a T3 basis through December, to $1,793.
Despite record new deliveries totaling 8,284 units in 2023, Tampa’s occupancy rate slid by just 50 basis points in the 12 months ending in November, to 94.2 percent. Meanwhile, rents declined 30 bps on a T3 basis through December, to $1,793.
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