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Multifamily

Tampa is a Top Market for Apartment Absorption

April 20, 2021

The Tampa Bay multifamily market had an occupancy rate of over 95% in 2020, beating expectations during the coronavirus pandemic. It's net absorption - the total new square footage leased minus the total square footage of tenants that no longer occupy their apartments in a given time period - was also in the top 10 for all metro areas in the country.

mf absorption

Image Source: WealthManagement.com and ImagesbyK/iStock/Getty Images

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