Orlando Apartment Investors Can Expect 9% Vacancy Rates Through 2026

Orlando Apartment Investors Can Expect 9% Vacancy Rates Through 2026
News| February 6, 2026| Mike Boyd
Florida & Gulf Coast + Apartment Buildings

Fundamentals regarding the Orlando apartment sector remain strong for investors and developers. In-migration is spurring demand, and absorption rates are keeping up, according to a recent Northmarq survey.

Orlando fundamentals remain mixed as new supply expands, but strong population growth of 12.7% over five years has supported roughly 8,000 units of net absorption over the past 12 months and helped limit vacancy increases.

Supply pressure is easing, with the construction pipeline down about 40% year over year and deliveries in 2025 falling 10% from 2024, positioning the market for better balance.

Investment activity surged in 2025, with transaction volume up 56% year over year and activity dominated by large Class A and B assets, even as median pricing continued to reset amid higher cap rates.

Looking ahead, vacancy is expected to hold near 8.9% through 2026, rents are projected to rise about 1.2%, and a more favorable rate environment could support renewed investor activity and selective buying opportunities

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