“Catching its breath”: Orlando’s multifamily market shakes supply hangover amid rapid population growth

Orlando’s multifamily market is recovering from an oversupply hangover.  Construction has slowed, rent growth hit a bottom and demand is beginning to absorb the apartment glut. Investors and developers are optimistic that the market is entering a period of stabilization fueled by population and job growth, but they’re proceeding with caution and being selective.  The hangover Multifamily supply in Orlando exploded after the pandemic, when rents grew nearly 20 percent in a single year, said Mike Donaldson, vice chair of Cushman & Wakefield’s Florida Multifamily Advisory Group.  Developers trying to capitalize on population growth flooded the market with new supply, […]

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