Pensacola is the 89th largest multifamily market with 36,446 completed units and 18,818 units in development, 3,598 of which have already broken ground, as of December 2021.
Pensacola Multifamily Market Summary – December 2021
New lease asking rents are at $1,422, up 17.3%▲
from the previous year placing Pensacola at 24th
overall in year-over-year rent growth.