{"id":2457,"date":"2021-11-22T13:15:22","date_gmt":"2021-11-22T13:15:22","guid":{"rendered":"https:\/\/www.yardimatrix.com\/blog\/?p=2457"},"modified":"2023-09-21T11:10:50","modified_gmt":"2023-09-21T11:10:50","slug":"tampa-multifamily-market-report-fall-2021","status":"publish","type":"post","link":"https:\/\/www.yardimatrix.com\/blog\/tampa-multifamily-market-report-fall-2021\/","title":{"rendered":"Tampa Multifamily Market Report &#8211; Fall 2021"},"content":{"rendered":"<h2>Sustained Rent Growth Props Up Fundamentals<\/h2>\n<p>As Southwest and Florida markets continue to rule rent expansion, <strong>Tampa steadily maintains a leading position<\/strong> among such metros. As of September, rents in the metro increased by 2.7% to $1,614 on a trailing three-month basis, above the $1,558 national average. On a year-over-year basis, Tampa ranked second among metros where annual asking rent growth exceeded 20%\u2014Tampa rents appreciated by 22.6% year-over-year as of September.<\/p>\n<p>In the 12 months ending in July, Tampa gained 81,000 net jobs for a 3.9% expansion, 140 basis points above the U.S. rate. July marked the third-consecutive month of positive year-over-year job growth. Private sector employment increased by 72,400 jobs year-over-year as of August, equal to a 6.2% uptick\u2014the Tampa area gained the highest number of private sector jobs among all metro areas, according to the Florida Department of Economic Opportunity. As of August, Florida had regained 974,300 of the total 1.3 million jobs lost from February to April 2020, the DEO reported.<\/p>\n<p>Tampa had 18,847 units under construction as of September, 91% of which are aimed at high-income renters. Yardi Matrix expects 7,234 units to come online across the metro this year, exceeding both 2020 deliveries and the 6,536-unit decade high of 2019. Meanwhile, investment sales amounted to $2.7 billion, more than double the sales volume recorded in the same interval last year.<\/p>\n<p>Read the full <a href=\"https:\/\/www.yardimatrix.com\/publications\/download\/file\/1365-MatrixMultifamilyTampaReport-Fall2021\"><strong>Matrix Multifamily Tampa Report-Fall 2021<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sustained Rent Growth Props Up Fundamentals As Southwest and Florida markets continue to rule rent expansion, Tampa steadily maintains a leading position among such metros. As of September, rents in the metro increased by 2.7% to $1,614 on a trailing three-month basis, above the $1,558 national average. On a year-over-year basis, Tampa ranked second among [&hellip;]<\/p>\n","protected":false},"author":650,"featured_media":2458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[12,5,4],"tags":[221,469],"class_list":["post-2457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metro-reports","category-multifamily-market","category-real-estate-trends","tag-multifamily-outlook-2021","tag-tampa"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Tampa Multifamily Market Report - Fall 2021 - Yardi Matrix Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.yardimatrix.com\/blog\/tampa-multifamily-market-report-fall-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tampa Multifamily Market Report - Fall 2021\" \/>\n<meta property=\"og:description\" content=\"Sustained Rent Growth Props Up Fundamentals As Southwest and Florida markets continue to rule rent expansion, Tampa steadily maintains a leading position among such metros. As of September, rents in the metro increased by 2.7% to $1,614 on a trailing three-month basis, above the $1,558 national average. On a year-over-year basis, Tampa ranked second among [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.yardimatrix.com\/blog\/tampa-multifamily-market-report-fall-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Yardi Matrix Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-22T13:15:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-21T11:10:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/11\/Tampa-iStock-1343632513.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"lilianam\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Timea-Erika Papp\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Tampa Multifamily Market Report - Fall 2021 - Yardi Matrix Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.yardimatrix.com\/blog\/tampa-multifamily-market-report-fall-2021\/","og_locale":"en_US","og_type":"article","og_title":"Tampa Multifamily Market Report - Fall 2021","og_description":"Sustained Rent Growth Props Up Fundamentals As Southwest and Florida markets continue to rule rent expansion, Tampa steadily maintains a leading position among such metros. As of September, rents in the metro increased by 2.7% to $1,614 on a trailing three-month basis, above the $1,558 national average. On a year-over-year basis, Tampa ranked second among [&hellip;]","og_url":"https:\/\/www.yardimatrix.com\/blog\/tampa-multifamily-market-report-fall-2021\/","og_site_name":"Yardi Matrix Blog","article_published_time":"2021-11-22T13:15:22+00:00","article_modified_time":"2023-09-21T11:10:50+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.yardimatrix.com\/blog\/wp-content\/uploads\/sites\/39\/2021\/11\/Tampa-iStock-1343632513.jpg","type":"image\/jpeg"}],"author":"lilianam","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Timea-Erika Papp","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.yardimatrix.com\/blog\/tampa-multifamily-market-report-fall-2021\/#article","isPartOf":{"@id":"https:\/\/www.yardimatrix.com\/blog\/tampa-multifamily-market-report-fall-2021\/"},"author":{"name":"lilianam","@id":"https:\/\/www.yardimatrix.com\/blog\/#\/schema\/person\/877efe30f5be34ed3f8b5f334c96a8e0"},"headline":"Tampa Multifamily Market Report &#8211; 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