Key Florida Markets Still Maintaining Some of the Highest Demand Nationwide

Although absorption has slowed from pandemic-era migration trends, Florida apartment markets continue to record some of the nation’s strongest demand. However, absorption is slowing, with economic uncertainty around tourism, slowing migration and softening job growth expected to further weigh on Florida’s outlook in the near term. Among the nation’s 50 largest markets, a handful of Florida areas made the top 10 for demand in 4th quarter, including Miami, Orlando and Fort Lauderdale, while West Palm Beach fell just short. Orlando was the only Florida market to make the top 10 for annual demand, with absorption hitting nearly 9,400 units in calendar 2025. Across Florida markets, Class A demand is holding up best, while Class B and Class C product are absorbing new supply more slowly.

For more information on the state of Florida apartment markets, including forecasts, watch the webcast Market Intelligence: Q1 2026 Florida Update.