Matrix Multifamily Tampa Report-February 2024 February 09, 2024

High Supply in Tampa

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.