Though Easing, Florida Apartment Supply is Expected to Remain Robust in 2026

Florida has been an apartment development hotspot in recent years and that should continue into calendar 2026. Annual apartment supply volumes started to heat up in the years before the COVID-19 pandemic. Then, mass migration into the state during the work-from-home craze led to increased housing construction activity. In 2024, Florida saw a dramatic surge in apartment supply, as developers delivered nearly three times the number of units annually compared to the 2010s baseline. The Florida apartment market has cooled a bit on construction activity since then, but supply remains robust. By the end of calendar 2025, a little over 52,500 units are scheduled to wrap up construction. In 2026, supply volumes are scheduled to cool off a bit – to about 45,700 units for the calendar year. But those estimated completion numbers are still elevated in historical terms.

For more information on the state of apartment markets across Florida, including forecasts, watch the webcast Market Intelligence: Q4 Florida Update.

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